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"One very interesting development where China has a lead is in the e-commerce sector. That increase is very positive for Volvo because we see that sophistication of transport is very important in e-commerce, that's why the demand for our type of solution has been increasing," said Martin Lundstedt, President and CEO of Volvo Group.

New Zealand, he said, looks forward to talking to China on engaging with the Belt and Road Initiative in the long run.

It also said that the congress has a great significance in inspiring and mobilizing people to forge ahead.

Official data showed that in Guangdong Province, China's manufacturing hub, R&D investment accounted for 2.58 percent of the total output value in 2016, which was close to the level of developed countries. The southern province has nurtured world-class factories in some emerging industries such as drones, intelligent robots and OLED.

"The law is more mature after three readings and it will better safeguard consumers' rights," said Yang Zhen, a committee member.