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"For the current and the future period, the Chinese economy faces big impacts from changes in external trade and international financial conditions, which will generate a lot of downward pressure on the economy," Yu Ze, a researcher at the National Academy of Development and Strategy of Renmin University of China, said in a report published at a macro economy forum held last month in Beijing.

"Fulfilling China's WTO (World Trade Organization) commitments has never been the end point of its opening-up," said Wang, who is also China's deputy international trade representative, at a media briefing at the WTO headquarters in Geneva.

"Globalization has urged us to care more about cultural diversity than at any previous time," said Chogjin, president of the International Council for Philosophy and Humanistic Studies and a member of the Chinese Academy of Social Sciences.

"Free trade arrangements, including the Regional Comprehensive Economic Partnership, the China-Association of Southeast Asian Nations Free Trade Agreement and China-Australia FTA, will also offer new growth opportunities for China COSCO Shipping's container cargo services in the Asia-Pacific region," Wan said.

"For governments, cooperation will reduce the burden of maintenance, and increase supply efficiency of public products and services. This happens by introducing advanced technology," he added.