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"China will further open up some nonconvertible items under the capital account, and those already convertible will see more liberalized trading," he said.

"Chinese fintech companies have been expanding overseas," said Joe Ngai, senior partner at consultants McKinsey & Co, noting the country's increasing influence in the sector.

"Consumption is being a consumer of digital content. Curation means we look at all the information online and determine what is good and what is garbage. Creation means constructing and sharing content online," O'Byrne said.

"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"China will foster a more relaxed and orderly environment for entrepreneurs from home and abroad to make investment and start business," said Xi, calling on entrepreneurs to seek better development amid China's new journey of reform and opening up.