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China is becoming increasingly innovative and is on course to meet its target of becoming a global technology leader within 15 years, according to some of the world's leading scientific experts.

China is expected to ease entry thresholds and enlarge business scopes for foreign players to deepen opening-up efforts, he said.

China is shifting to become one of the leading innovators in the world, thanks to an increasingly educated workforce and a growing economy, and there are many opportunities for companies from the United States and China to develop global partnerships and new, innovative ways to grow market share, said Gary Shapiro, CEO and president of the Consumer Technology Association.

China is the world largest e-commerce market, with online retail sales growing 32.2 percent year-on-year in 2017 to reach 7.18 trillion yuan (.12 trillion).

China held a high-profile meeting on Tuesday to mark the 40th anniversary of the country's reform and opening-up, and Chinese President Xi Jinping gave a keynote speech to provide a nod toward four decades years of incredible achievements and to offer policy continuity in the pursuit of future reform.