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As Chinese consumers' shopping preferences and habits are changing, brands, especially those in manufacturing, should innovate their production and operation to boost the supply chain efficiency, said Manny Maceda, worldwide managing partner of global consultancy Bain & Company.

Around 23 percent of global smartphones had AMOLED display panels last year. The figure is expected to reach 64 percent in 2021, according to Sigmaintell.

Apple rarely spends a lot on acquisitions, preferring to snap up startups for relatively small sums. The price it's paying Intel ranks this deal among its largest besides its billion takeover of Beats' headphones and music streaming service in 2014.

As China's agricultural exports to the US currently account for 10 percent of its total agricultural exports, the official said the country will promote exports of its agricultural products to the US in the next stage.

As China increases its efforts to provide low-cost and effective medical services through healthcare reforms, all market players including foreign companies will benefit, said Andrew Hodge, president and general manager for the China affiliate of the US-based drug maker Eli Lilly and Company.