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"Currently, it is convenient for consumers to use Alipay and WeChat Pay to pay for services, but enterprises cannot directly use the two platforms to transfer a big amount of money to their business partners. As a result, the central bank's digital currency has a big potential in business-to-business application scenarios," Yu said.

"Companies that ultimately go on to have success … what they have understood is that while content is critical, distribution is king," Wehmeier said.

"China's steel manufacturing infrastructure is the most advanced in the world. The small and unregulated steel mills, which are producing substandard steel with high pollution, should be eliminated," Li said.

"China's 2019 GDP growth target at 6-6.5 percent is reasonable and achievable, and we've seen a robust start for the Chinese economy this year such as stabilizing corporate capital expenditures," Bill Winters, group chief executive of SCB, told Xinhua on the sidelines of the just-concluded China Development Forum 2019.

"China unswervingly pursues a national defense policy that is defensive in nature," he said. "China's nuclear strategy for self-defense is completely transparent and its nuclear policy is highly responsible."