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"China's adherence to peaceful development and firm support for multilateralism is to maintain its own development environment and benefit the world through its own development," Wang said.

"Codemonkey is a leading product for learning 21st century programming and skills for children, and we look forward to working with its team to continue the company's success," said Chairman and CEO of TAL Education Zhang Bangxin.

"Chinese consumers have a true love for the extreme end of our sophisticated collection. When it comes to our most advanced products - the made-to-measure offerings - China accounts for more than 50 percent of our global sales," he said.

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.

"China's accelerating consumption as well as market opening-up will help the beauty market grow bigger and more sophisticated," said Lucia Zheng, CEO of Rosilolly. The company aims to be China's Ulta Beauty Inc, the largest beauty retailer in the United States, thanks to a large presence in small cities, targeted marketing to young women and a highly reliable member service.