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"Counselors are all outspoken and dare to speak up," said Xu Xianping, a counselor who once served as deputy director of the National Development and Reform Commission.

"China system of governance is right for China, and our system of governance is right for us, we shouldn't expect China to embrace ours nor should China expect us to embrace theirs," Bush said.

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"China-ASEAN relations are entering a new stage of holistic development. There is a strong momentum for cooperation in various fields," said Zhang Jinfeng, former Chinese ambassador to Cambodia.

"Customers want smart cars for a smart world, and Chinese customers are quick to embrace new technologies and electric cars are going to be a preferred choice," the executive chairman said.