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"Currently, the priority target of monetary policy is to curb further slowing in the growth of the economy," said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences.

"Currently, the European Union has the world's biggest carbon-trading system, but China's emissions market being established is more than likely to replace the EU to become the world's biggest one," Vicky Pollard, environmental counselor in the EU delegation to China, told 21st Century Business Herald.

"China's industrial internet is entering the fast lane, with a wide range of applications having emerged in manufacturing, healthcare, energy, smart ports and other sectors," Xiao said.

"Consumers in China are very demanding, and the generation gap of consumers is becoming smaller. More people are willing to pay for premium, ultra-premium and innovative dairy products," said Colaco.

"China, the US and Africa will work together to build the center," he said.