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China should cultivate high-level talent, as the key to major inventions and disruptive technological innovations lies in talent, Xi pointed out.

For Zhou Quan, founder and CEO of Nanjing DSee.Lab Digital Technology Co., Ltd., the innovation strategy underlined in the document is very encouraging. Zhou's firm is a holographic display equipment and creative visual effects design provider in Nanjing, east China's Jiangsu Province.

"It's the one time when both Chinese and Western companies can come together, showcase their innovation, provide their lessons learned and make more connectivity," Tedjarati noted.

The report openly slandered the Law of the People's Republic of China on Safeguarding National Security in the HKSAR, arbitrarily sanctioned Chinese personnel and interfered in Hong Kong affairs which are China's internal affairs, a spokesperson of the office said.

"In a year when there is this (COVID-19) crisis, when globalization is challenged, I think the best possible signal is exactly to organize this CIIE," said Agon from L'Oreal, who first visited China in 1997.