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Central China has unique advantages in absorbing foreign capital, thanks to the region's geographical location, abundant labor force and supportive polices, he said.

Caprini said he believes one advantage WeChat Pay has over Alipay is the long-term interaction that brands can have with customers, because, after a retailer accepts payment through WeChat Pay, the seller can easily invite the customer to follow its official WeChat account, which keeps the customer in its network.

Chang said that the stock connect is an important effort by China to open its capital market and to expand cross-border investment and financing.

Central SOEs were ordered to play a leading role in improving the treatment of skilled workers because of their obvious importance to China's economy. The country now has more than 90 centrally managed SOEs, but they are witnessing a shortage of skilled workers, especially highly skilled ones.

Chair of the meeting and foreign minister of PNG Rimbink Pato, accompanied the acknowledgements of the ministers with a statement of his own, expressing gratitude for the cooperation shown by delegates at the summit.