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"China still has a long way to go to beef up domestic smartphone screen production capacity, although progress is being made," Geng said.

"Cross-border e-commerce is set to greatly complement, if not replace, traditional trade to become an important driver in the next three to five years," said Zhu Qiucheng, CEO of Ningbo New Oriental Electric Industrial Development Co Ltd, an exporter of electronics.

"Countries around the world are working to upgrade their business environment, as this is crucial for attracting investment, boosting market vitality and stimulating public creativity," Li said.

"Chinese brandy producers can embrace precious opportunities to develop the domestic market if they can carry on Chinese wine-making culture, (and) use world class winemaking skills to ensure the brandy quality," said Wang Qi.

"China should consolidate the foundation for the stable economic performance with sound growth momentum," Li said.