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"Constellations of smart, connected devices, faster wireless internet, big data, and AI are transforming the global economy and having a profound impact across many sectors, from manufacturing to healthcare to transport," Campinos said. "What we are seeing is not just an acceleration of the development of information and communications technology - it is a major shift toward a fully data-driven economy."

"China's steady progress in opening-up will contribute to the recovery of the global economy and China's high-quality development," said Zhang of CUFE.

"China wants to tell the United States and other countries not to confront the international community and not to go any further on the wrong path."

"China will execute a more proactive opening-up strategy in Hainan and build an important gateway for opening up toward the Pacific and the Indian Ocean," said Wang Shouwen, vice-minister of commerce.

"Chinese consumers, especially those born in the 1980s and 1990s, love living a quality life … they like traveling, caring about their individuality, and have different pursuits to match their lifestyle. More importantly, they love their cultural identity and are willing to show it," she said.