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China's toys and games market retail value doubled from .06 billion in 2013 to .9 billion in 2017, with a high double-digit annual growth in the past few years, according to Euromonitor International, which estimated the market may reach .29 billion by 2022.

China, however, still lacks preferential policies to encourage recycling of construction waste. Currently, only 5 percent of such waste in the country is utilized. Most of the rest is disposed of in landfills, which results in a lot of pollution, she said.

Chinaccelerator is run by venture fund SOSV, with more than 0 million in assets under management.

China, as a major developing country with some 1.4 billion people, a 900-million-strong labor force and 120 million market entities, has solid internal growth momentum, great resilience, and enormous economic potential, said Wang, adding that China is bound to offer a new round of cooperation opportunities and share the development dividend with countries in Europe.

China's service industry accounted for 52.2 percent of the total GDP in 2018, up 11.5 percentage points compared with the secondary industry, according to the National Bureau of Statistics.