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"China is heavily engaged in handling financial deleveraging reform, which includes the reducing of corporate debt, especially for the State-owned ones with overcapacity," said Iris Pang, an economist with banking group ING.

"By organizing this fair, we help local companies to find foreign talents and foreign companies to find local talents."

"China is clearly a country that is going to be investing regionally in the Asia-Pacific, and infrastructure development is something that many countries find very challenging, so it is a very useful and beneficial partnership," she said.

"By doing so he is going to put about 800,000 people out of work. He proposes no solutions for those folks to continue employment anywhere," Smith told China Daily. "He puts at risk the pensions of hundreds of thousands of retirees with no solution on how to fix that problem either."

"But reshaping and upgrading are not simply about cutting. More importantly, it is about how to add something new that is of high quality," Lan said.