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"Compared to those sold in brick and mortar stores, each mini excavator only costs about 50,000 yuan, less than half the giant ones. I don't know how to drive an excavator, but the worker who helped dismantle the latrines said it worked perfectly," Wang said.

"Compared with CAFTA, the RCEP constitutes a bigger market so it means bigger trading opportunities. All of this will contribute to more trade, more development and more improvement in people's livelihoods," Philippine Ambassador to China Jose Santiago Sta. Romana said at the expo.

"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.

"Culture-oriented travels are expected to become a new growth point in the next decade. We would like to revitalize the rich and longstanding historical and cultural heritage in China through niche travel products. China has top tourism resources, and we will keep developing and exploring more routes in western China, and attract more foreign travelers to visit those scenic spots."

"Competition between countries is intensifying in strategic emerging industries such as semiconductors, telecommunications and supercomputers. Whoever seizes the market opportunity will have the first-mover advantage and gain large-scale profits," said Guo from the CASTD.