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"Even though the demand for the consumption of goods from the US is increasing, the spending power is still limited due to the average income of the Chinese consumers, which is about one-tenth in the US," he said.

"Either you have scale as a platform or you can present as a differentiated entity," Turner explained.

"Decoupling business licenses and operating permits is the right way to go, as it meets both corporate and public needs. It is a necessary part of the reform of our market economy system, and a step we must take," Li said.

"Efforts should also be made to help private businesses improve their own capability and adapt to market changes, and achieve high-quality development."

"Entering and leaving the community has also been restricted," the 36-year-old said.