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"Cross-border e-commerce has just gone through two years of explosive growth," Wu said. "As the customs clearance mode for consumer goods develops, cross-border e-commerce will become even more cost-effective.

"Constructive cooperation will enhance both of us and even enrich the world," he said. "Neither of us will have to give up anything it holds dear."

"China, as the world's largest importer and consumer of iron ore, has the obligation to provide an open, transparent and fair price benchmark reflecting the real supply and demand situation on the global iron ore market," said Li Zhengqiang, chairman of the exchange.

"China's ability to overcome the current crisis and continue with long-term plans will demonstrate national resilience," she said.

"Competition among global cities lies in both their influence on the world and the opportunities they offer for development. We hope the report sheds light on the governmental plans in technology and talent attraction," said Wang Xueying, associate researcher at the institute.