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Data collection and analysis have risen to become one of the most important roles in industrial development, especially in industries involved with the internet of things, senior executives said.

Dai Kun, founder of Uxin, said the online market for used cars should focus on establishing a product standardization system to give customers confidence in purchasing used cars, like shopping for other products online.

Danny Alexander, vice President and corporate Secretary of the Asian Infrastructure Investment Bank (AIIB) said climate change is one of the key sectors that AIIB will focus on in the next few years.

David Yeung, founder of social enterprise Green Monday, plant-based concept store Green Common, and Right Treat, hopes to take a bite out of the massive meat market in China, the world's biggest producer and consumer of pork, with "Omnipork."

Dai Hong, former official of the Standardization Administration of China, said standardization is the basis for the healthy development of smart cities, while broader application and international cooperation should also be enhanced.