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"Chinese companies should equip their CEOs' with the capability to be visible and be aspirational. They should not only tell a good corporate story on the global stage, but also engage directly and cultivate a trusted employer-employee relationship and such a relationship may in turn, become a part of their big story," said Fan Hong, director of the National Image Research Center of Tsinghua University.

"Chinese carmakers are going to complete the deployment process of Industry 4.0 in less than two years, while their German counterparts took five years," Hecker said in an interview on Thursday on the sideline of the forum.

"Chinese consumers are attaching more importance to food safety, nutrition and health, and have more diversified requirements for food, so high quality food will be what the industry is heading for in 2019," he said.

"Chinese women who are successful in the global environment always have high cross-culture sensitivity, great leadership in team and organization, and outstanding capability in change management," said Lee.

"China's approach is borne out of global responsibility and based upon a Chinese philosophy of self-interest that the world is safer and more secure if all nations prosper. Sharing is a byword for China's trading philosophy," Perry said.