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Chinese companies have also gained a bigger voice in terms of setting international standards for wireless technologies. China Mobile, the nation's largest telecom operator, has outgunned foreign rivals to lead the global 5G System Architecture project, which determines the "structure of 5G networks".

Chinese customs will continue to promote "single window" clearance and make logistic services at ports more intelligent, Zhang said. At the end of this year, 80 percent of the main customs business will be handled via the single window system, and 100 percent at the end of 2020.

Chinese companies' continuous investment in research and development will help them gain more technology breakthroughs over the next five years to better enrich the world's industrial and supply chains, senior business executives said on Wednesday.

Chinese males such as Zhang are driving the "he-economy", a term that refers to the rising consumption among men.

Chinese online group discounter Pinduoduo nailed down its offering price at the highest end of the indicative price spectrum of per share, with a value of billion, as the company will debut on the Nasdaq on Thursday, local time, according to a report by tech news portal All Weather TMT.