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"China's response to the pandemic has been far more focused, forceful and effective than elsewhere. Policy has focused on keeping businesses afloat and people employed, and this has paved the foundation for the swift recovery."

"Compared with traditional railways, the cost of using such a transportation system will also be reduced by at least 80 percent. It shows to the rest of the world the future direction of smart transportation for cities, ports, and logistics," Yin said.

"China's proposal to explore third-party market cooperation could bring benefits to both Western nations and developing countries in many parts of the world, without causing a clash of interests," said Chu Shijia, director-general at the ministry's comprehensive department.

"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," Lei Jun, founder and CEO of another leading smartphone vendor Xiaomi Corp, said at the WIC.

"Chinese people have a tradition to send greetings and hongbao to each other during the Lunar New Year, making it the best time for companies to build up brand awareness and increase the number of users on their apps, especially in rural areas," said Neil Wang, president of consultancy Frost & Sullivan in China.