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Anthony Saich, a professor of International Affairs at Harvard Kennedy School, who joined the discussion at the forum, said the impact of a trade war has been underestimated.

Apart from issuing vouchers and offering cash grants, the government should also stabilize the job market for low-income earners, expand coverage of unemployment benefits and encourage the development of small-scale consumer loans by giving full play to internet companies and online banks, Gan said.

Another area of great potential is overall consumption with the increase in household incomes.

Apart from the scale of Singles Day, one feature which will set this year's event apart is the O2O, or online-to-offline shopping.

Another factor behind the strong China-Africa relationship is an emphasis on treating each other with equality.