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China is expected to import goods worth trillion from 2017 to 2021, while attracting 0 billion of foreign investment. "China is upgrading its industry and consumption structure," said Sang Baichuan, a professor at the Beijing-based University of International Business and Economics. "The huge market and emerging opportunities will attract more foreign capital, and that in turn, will further stimulate the country's industrial upgrading."

China has vowed to make more efforts to stabilize the supply chain, as global concerns over the COVID-19 outbreak keep mounting. This is in sharp contrast to the proposal floated by some US officials in political circles on severing normal supply cooperation.

China is embracing the business aviation market, with a series of new policies which aim to make it quicker and easier for individual buyers to acquire aircraft.

China is ready to increase flights between Chinese and Austrian cities and to expand exchanges in giant panda research and winter sports, Li said.

China is investing heavily in researching renewable energy storage and is building more than 100 such storage power plants, Tan said.