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"Caishang", an application for financial knowledge sharing, was launched at a seminar in Beijing on Oct 18.

"China market is vast and fast changing and there is still a lot of space for new comers if they are able to differentiate and win through either efficiency or better customer experience," he added.

"China is absolutely one of the most important international markets for United Airlines," said Jake Cefolia, senior vice president of worldwide sales for United. "In fact we have been serving China longer than any other US airline, since 1983."

"China can deliver a significant improvement in this regard. In the future, China's consumption industry will demand higher-standard stability and flexibility of the supply chain," Qian said.

"China now focuses less on planning for pursuing GDP targets. That is a major difference compared with past practice," he said.