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Another heavyweight cross-border e-commerce player NetEase Kaola has pledged to procure 3 billion euros (.73 billion) worth of goods from Europe over the next three years.

Answering the government's call to drive the economy forward by meeting domestic consumption, Qu said her company is thrilled to participate in the China International Import Expo in November and is poised to deepen engagement in Belt and Road Initiative participating nations.

Another thing Yu said SAIC has followed is to be part of the markets where it is present, which he believes is crucial to any company's overseas operations.

Anti-government protests have returned to the city's streets and shopping malls since late April as the coronavirus pandemic came under control. On Mother's Day, May 10, groups of protesters staged illegal assemblies across the city and had violently clashed with police officers. About 230 radical protesters were arrested that day.

Apart from East China where the sector is flourishing, Southwest China's Sichuan and Guizhou provinces and Chongqing municipality are expected to be front-runners for new growth, according to the report.