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"China's economic restructuring can be seen in the rising contributions of consumption and services to GDP," he said, adding strong domestic consumption has not only strengthened the country's markets but also stimulated both multinationals and domestic companies to shift the emphasis of their operations from 'Made in China' to 'Made for China'.

"Crazy new technology is moving around and there are loads of people, and it's always busy," he added.

"China will promote high-quality development and build a new system of an open economy of a higher level," Wang said. "The scale of the domestic market will be further expanded. The combination of the domestic and international markets will be closer. There will be more room for cooperation between countries and China."

"Ctrip maintained healthy revenue growth and achieved continual improvement in operating efficiency," Ctrip CEO Sun Jie said. "We are confident that Ctrip will generate long-term value for shareholders in the years to come."

"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.