Topic Three: China's Consumption Economy

Gao Hongbing, Alibaba vice-president and head of AliResearch, attends a press conference on China's Consumption Economy at the 2017 Summer Davos in Dalian, Northeast China's Liaoning province, June 28, 2017. [Photo/VCG]

Internet will have even bigger influence on consumers and customers will be able to find and research products via internet whenever and wherever. Seamless integration of consumption process online and offline is an important driving force of consumption growth. Consumers pay more attention to high quality products, said Gao Hongbing, Alibaba vice-president and head of AliResearch.