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"China has a lot to contribute," he said. "China is building about 40 percent of all the nuclear builds in the world."

"China is at the forefront of cutting-edge technologies, especially artificial intelligence (AI) and other technologies and also the implementation of digital technologies in all walks of life, in transportation, machines, robotics and everything," Vardi, chairman of International Technologies, told Xinhua during the World Economic Forum (WEF) annual meeting here on Wednesday.

"By going over a novel with intricacies of plots and characters with various dispositions that mirror the real world, young people can have a better grasp of moral values and nurture better judgment," he said.

"By opening up the market, China is giving Volkswagen new business opportunities," said Volkswagen Group China CEO Stephan Woellenstein, referring to China's decision in 2018 to gradually lift the equity cap in the auto industry.

"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.