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"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.

"China sits in top place in the world in terms of newly grown forest area during the past five years. We're aiming to grow another 6.66 million hectares this year," Zhang said.

"China's increase in imports between 2013 and 2018 contributed 22.7 percent to global import growth during the same period, which suggests China's imports, domestic market and consumption have been the leading driving engine for global economic growth," he said.

"Chinese companies have a good understanding of our situation. In terms of fundamental outlook, China and Ethiopia share the same views, especially when it comes to development," he said.

"Constellations of smart, connected devices, faster wireless internet, big data, and AI are transforming the global economy and having a profound impact across many sectors, from manufacturing to healthcare to transport," Campinos said. "What we are seeing is not just an acceleration of the development of information and communications technology - it is a major shift toward a fully data-driven economy."