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As emerging technologies such as mobile internet, artificial intelligence and additive manufacturing continue to be put into use, as well as the technological and innovative capabilities of emerging economies, the cost of participating in global value chains, especially for small and medium-sized companies, is rapidly declining. Against this background, the vertical specialization led by traditional large multinational corporations has not fully adapted to the new requirements of global economic cooperation. The new global value chains represented by collaborative innovation and, platform-based collaboration, and division of labor are rapidly developing. They will become an important supplement to the traditional value chains.

As Roach has argued, China, with its far larger saving cushion and much smaller sovereign debt burden (49 percent of GDP), is in much better shape to avoid a sovereign debt crisis.

As a sub-index of the Tianjin Shipping Index, TBI is published on working days and was first published in September 2010. It is issued by the Tianjin International Trade and Shipping Service Center in northern China's Tianjin municipality.

As for Premier Li Keqiang's recent visit to Cambodia, Lim Heng, vice-president of the Cambodia Chamber of Commerce, said excellent relations and cooperation were the main factor encouraging more Chinese investors and tourists to Cambodia.

As for the escalated China-US disputes and external uncertainties, policymakers and advisers at the forum showed some concern over financial decoupling of the world's two largest economies. They called for promoting the renminbi's use in cross-border trade, investment and commodity transactions to reduce dependency on the US dollar.