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"China can be a complex country to understand, especially when it comes to the different regulatory environments and that's where we come in, building a platform for a China-Europe ecosystem."

"China has over 4,000 EPC (projects) abroad, with over 100 of them involving the power business," said Zhang Jinquan, head of ABB China's power grids division.

"By encouraging the establishment of creditor committees, our banking association guided private companies to correctly understand what a reasonable debt load is. Members of the creditors committees took concerted action to help private firms comb through their debt structure, dispose of idle assets, return to core business and deleverage," she said.

"China is at the forefront of cutting-edge technologies, especially artificial intelligence (AI) and other technologies and also the implementation of digital technologies in all walks of life, in transportation, machines, robotics and everything," Vardi, chairman of International Technologies, told Xinhua during the World Economic Forum (WEF) annual meeting here on Wednesday.

"China has talked about reform and opening-up ever since I first started going there in the early 1990s, and they have done a very good job, so now let's keep it up," he said.