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"China's growing demand for high-value products, especially automobiles and home-related services, offers many growth points," says Peter Tyroller, a board member at Robert Bosch GmbH responsible for the Asia-Pacific area.

"China's industrial internet is entering the fast lane, with a wide range of applications having emerged in manufacturing, healthcare, energy, smart ports and other sectors," Xiao said.

"China welcomes foreign businesses to invest and develop in China. And we will continue to unswervingly expand opening up, create a more open and business-friendly environment and protect the legitimate rights and interests of foreign investment," Meng said at a news conference in Beijing.

"Considering the expanding value-added industrial output in May and the positive service production index, China's economic growth is expected to bounce back in the second quarter with a modest growth," Tang said.

"China's reform and opening-up started with the coastal area. East China got into international trade and resources allocation earlier than the other regions, and thus had the first mover advantage to attract foreign investment and develop industrial chains," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.