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As an entrepreneur, I admire his ability to envision a brand new opportunity, take on the tough challenge of creating a market, and then become a catalyst for changing the landscape. And what’s even more impressive is that he accomplished this “reinvention” of a market multiple times with wildly different products and offerings.”—Opstera co-founder?Ranjith Ramakrishnan.

As a platform on which international professionals and talent gather to exchange ideas and explore development opportunities, the conference also features international cooperation.

As for businesses which used to be hit by the prevalence of internet technologies, positive changes are also showing up to inject new vitality. Brick-and-mortar stores, for instance, are starting to benefit from e-commerce behemoth Alibaba and JD.com Inc's efforts to develop the so-called new retail experience.

As a result of the tariffs on billion worth imported goods from China, the cost of a fireplace goes up 10 percent, quartz and granite countertops up 10 percent, garage doors 5 percent, and sheet metal products for heating systems up 10 percent, Ed Waller, CEO of the Windsor, California-based Shook and Waller Construction Inc., told China Daily.

As a beneficiary of economic globalization, China has been the largest exporting country and second largest importing country for nine consecutive years, he said.