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Despite the promising prospects, Lin said the C919's entry to the market won't occur very soon. It is expected to go into operation between 2020 and 2022, and it ultimately aims to break the global market duopoly of Boeing and Airbus.

Doing public welfare work in China has helped drive business innovation as Chinese people have specific medical service demands due to different physical conditions, according to Song. For example, there is a higher risk of liver cancer in China than in many western countries.

Dilip Kumar, Amazon Go vice president of technology. (GeekWire Photo / Kevin Lisota)

Different brands of foreign cheese products are displayed during a news conference in Beijing in March. [Photo/China Daily]

Ding forecast that China's GDP will likely grow by about 3 percent year-on-year in the second quarter, and the country's retail growth is likely to turn positive for June if the contraction of consumption continues to narrow.