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"Cultural industries now account for more than 4 percent of the country's gross domestic product, but their role in economic upgrading is more substantial than this figure - they are helping with the upgrade of other industries," Zhang said.

"Chinese consumers are increasingly pursuing snack foods that are healthy, high-quality and safe, triggered by the constant consumption upgrade trend in the country. In the next few years, higher-end snack food will account for a larger market share, and raise the average price of the sector," said Neil Wang, president of consultancy Frost and Sullivan.

"Chinese people spend billions of dollars on overseas trips every year, among which about 40 percent goes on accessories, including jewelry and watches," Li said. "That opens a 600 billion yuan market for the related business sector here."

"China will officially launch virtual network services, and we welcome foreign companies to join the industry," the ministry said, adding there is no limit on the number of applicants.

"Chinese artists and Chinese culture have been making great art for more than 5,000 years. Americans know so little about the continuum of Chinese art history, how unbroken it is and how magnificent it is. So this is a way for us to show Virginia and America how magnificent the Chinese creative world has been, for millennia", VMFA director Alex Nyerges said at the opening reception of the exhibition at the Chinese embassy in Washington.