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"Compared with US SMEs, Chinese ones have a more flexible demand. Therefore, they require IT service providers that can offer solutions adaptable to changes at any time," Dong said.

"Customers will be able to choose from battery electric, plug-in hybrid and mild hybrid power, as well as ultra-clean petrol and diesel engines."

"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.

"China's current risk level for local government debt is under control," Liu said. "But we have to take measures to defuse potential risks to maintain sustainable fiscal financing."

"China's economic development is a process of actively integrating with economic globalization and constantly expanding its opening up," the NDRC said, adding that with better industrial, policy and legal environments, China has the foundation for opening up at a higher level.