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"China's reform and opening up meets its people's aspiration for development, innovation and a better life. It also meets the global trend toward development, cooperation and peace," said Xi when addressing the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) in the southern island province of Hainan.

"China's exports are of good quality and reasonable prices. We have seen from the experience of the last financial crisis that Chinese exporters have enough flexibility and resilience. With policy incentives, Chinese exporters will find new markets within two or three years' time," he said.

"Consumption downgrade is more relative as it is just about a certain period of time or a certain group of people," said Wang.

"Chinese big data companies are continuously improving their users' information protection systems," Shen said, adding that tech companies should build firewalls internally to isolate direct links between user data collection departments and other operating departments.

"China's Belt and Road Initiative and South Korea's 'Northeast Asia plus' policy can be cohesive. There should be a lot of common ground and a lot of potential for cooperation between the two countries," Jung said, adding that the economic development between China and South Korea has formed an interdependent relationship, meaning "we must seize the state visit as a chance and work together in the future".