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"Consumption now remains the main driver of economic growth," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "Due to rising Sino-US trade disputes, we are facing many external uncertainties. Therefore, we need to focus on boosting domestic demand. Considering the current levels of per capita rural and urban incomes and the proportion of consumption to the total GDP, there is a lot of room for consumption growth."

"China's commitment to develop smart airports is injecting new opportunities into global aviation by creating a worldwide market for innovative ideas and technologies," said Chris Tam, TLD Group Asia vice president.

"China's global role has evolved from a low-cost manufacturer in the late 1990s to the world's growth engine around 2010, and now an unarguably global innovation engine, especially in areas such as high-speed trains, electronics, large passenger jets and nuclear power technologies," he said.

"China will set up six new pilot free trade zones and open a new section of the Shanghai Pilot Free Trade Zone, and will speed up exploration of building a free trade port in Hainan province," Chinese President Xi Jinping said in his speech at the recent G20 summit in the Japanese city of Osaka on June 28.

"China's integrated circuit manufacturing industry was heavily dependent on imports abroad. We are doing everything we can to make our own specialty gases over the years," said Guo Jianzeng, vice-director of the 718th research institute of China Shipbuilding Heavy Industry Corporation.