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"China will insist openness and cooperation for mutual benefit during the process of promoting global standards. With the Belt and Road Initiative, we hope more Chinese standards can step outside to contribute to world development," he said.

"Currently, we are all partners that work hard to push forward the entire autonomous driving industry," he said, adding the US possesses the most advanced expertise and technology knowhow in this field. "We believe a mutually beneficial relationship will be the driving force and eventually help reshape the way people travel."

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"Credibility in the virtual world is as important as that in reality, so our fight against online violations must be strengthened," Zhu Wei, an associate professor of law at the China University of Political Science and Law, told China Daily on Tuesday.

"China's digital economy has scaled up from 11 trillion yuan to 35.8 trillion yuan, accounting for 36.2 percent of the GDP," Xiao added.