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"Compared with their parent generation, young people born in the 1990s love taking selfies. They are increasingly making selfies a part of their life. With a 32-megapixel front camera and enhanced artificial intelligence technology, the new device will better meet the younger generation's demand for selfies showing their natural beauty," Zhao said.

"Clearly June 18 being a shopping period rather than a day aims to provide customers with ample time to make purchase decisions, which is also a way to set it apart from the Singles Day," said Neil Wang, president of consultancy Frost & Sullivan China.

"China's M2 growth is slightly lower than nominal GDP growth, but we should monitor more indicators, such as prices and jobs, to see whether liquidity is tight," he said at a press conference during the ongoing first session of the 13th National People's Congress.

"China will support and encourage more qualified overseas investors to take part in the trading of China's bulk commodities exchange," he said.

"China will foster a more relaxed and orderly environment for entrepreneurs from home and abroad to make investment and start business," said Xi, calling on entrepreneurs to seek better development amid China's new journey of reform and opening up.