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"China's supply-side reform has reduced overcapacity in the steel industry by closing down those with issues of pollution and outdated capacity while controlling new capacity construction, and helped reduce steelmakers' debt levels. But we expect the government will continue to fortify the results of the supply-side reform and focus more on upgrading the steel industry."

"Consumers are willing to spend more money on safer products with better quality to benefit their health," Qian said.

"Chinese businesses must be aware that regulations in the United States and the European Union are being modified and may make investment more difficult," said Liu, citing "acquiring automobile manufacturers or licensing sensitive technology."

"Cultural exchange is important because it's a window through which we know and understand people, places that are different from ours, and if we understand each other, we are able to work more in an atmosphere of respect and mutual collaboration," Kalu said.

"China should put innovation at the core of industrial development and strengthen its efforts in core technology breakthroughs," said Miao Wei, head of the MIIT.