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At this time, the Chinese economy is facing mounting downward pressure amid a rise in economic uncertainties given the complex and fast-changing environment at home and abroad. The country's GDP slowed to 6 percent in the third quarter this year, the weakest pace in almost three decades, official data showed.

At the same time, the national political discourse has elevated issues like Big Tech’s power and income inequality. Amazon and its founder, Bezos — the richest person in the world — have become emblematic of those issues.

At present, there are more than 800 13-18-year-old students at the School, including nearly 60 Chinese students, most of whom are from Hong Kong.

At the Beijing event, Zheng Bin, CEO of the Mumbai, India branch of ICBC, said China's largest lender has set up a 0 million fund to back local startups.

At the summit, China and African countries introduced more than 100 cooperation measures as part of eight major initiatives in areas such as industrial promotion and infrastructure connectivity.