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"China's most important successes rest on strategic planning and decision-making by the central leadership," said Zhang Weiwei, director of Fudan University's Institute of China Studies.

"China will further open up its market, we open our arms to embrace foreign businesses that will invest in China," Li said while visiting a wholly owned subsidiary of Germany's Bosch Group in Changsha, capital of Hunan province.

"Currently, the ratio of the company's premium income between motor insurance and non-motor insurance is approximately six to four," Sa said. "In the future, the industry will see a balanced development among these two types of insurance."

"China's massive progress toward using more clean energy has been accelerating over the past few years, and this trend is unlikely to change in the short to medium term," said Joseph Jacobelli, an energy analyst and Asia-Pacific CEO of clean energy producer Joule Power.

"Completion of the natural gas pipeline will massively help ease China's shortage of natural gas while further diversifying China's energy supply," said Li.