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Business profits are growing, with 16,700 new businesses registered daily in the first four months, and the country's major growth driver has shifted to consumption, Li said.

Braised pork. [Photo by Jiang Chengyun/China Daily]

Broadcom, Qualcomm and NXP together would have control over modems, Wi-Fi, GPS and near-field communications chips, a strong position that could concern customers such as Apple and Samsung Electronics Co Ltd because of the bargaining power such a combined company could have to raise prices. However, a combined company would also likely have a lower cost base and the flexibility to cut prices.

Bruce Cheng, the founder of Delta Group, said the company is seeking market expansion and promotion of 8K applications on the Chinese mainland.

Bounnhang, also general secretary of the Lao People's Revolutionary Party Central Committee, spoke highly of China's achievements and the long-term support it had provided to Laos.