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"Fierce market competition is expected in China, as more opportunities and government's favorable policies are within sight," Song said, adding better products with lower prices will come along and bring more benefits to consumers.

"GPG is seeking to expand Sino-foreign cooperation, merge with, or acquire, overseas companies, entrust foreign distribution agents and introduce digital distribution to increase its presence in the world market in the years ahead."

"Guided by mutually beneficial market operations, SOEs will actively enhance all-round cooperation with them, serving as a national team in stabilizing the industrial chain over the long run," Weng said.

"For example, everyone living in a city spends hours in traffic every day. So, Ping An uses technology to improve the traffic situation. Using artificial intelligence, we increased the traffic speed in cities by 30 percent to 50 percent. In the healthcare sector, our AI-enabled technologies help doctors to improve their medical ability and reduces misdiagnosis rates," Tan said.

"For electric mobility, we can say without any doubt: if you make your mark in China, you make it anywhere," said Jan Madeja, president and CEO of Beijing Mercedes-Benz Sales Service Co.