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"China's accession into the WTO has been absolutely decisive," Chambovey told reporters at the WTO session on China's trade policy. He said the 2001 move has not only accelerated China's economic and social development but its expanding global trade also has benefited the rest of the world.

"China will further digitize the registration and licensing of new companies, and gradually make the process paperless and fully intelligent. By the end of the year, the government will also optimize the process and issue a guide for enterprises to withdraw from the market more easily," Zhang said.

"Currently, many CapitaLand's projects in China's southern, western and eastern cities are related to urban renewal. To date, our company has faced greater challenges, including those from global economic uncertainties to local policies on real estate development. We think a closer relationship with both government and business partners will help tackle those problems," Loh said.

"China should seize the opportunities to boost innovation in deep learning, smart algorithms and chips, and modernize industries with AI technologies," Lin Nianxiu, deputy head of the National Development and Reform Commission, said at the congress held from May 16 to 18.

"China would always pursue development with its door open wide, build a new platform for international cooperation, inject new momentum for common development, and promote the building of an open world economy and a community with a shared and bright future for mankind," Zhang said.