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"Currently, Africa's economy is based on agriculture and mining, while the manufacturing industry's share in GDP is declining. African countries have generally recognized the importance of economic restructuring, but steering the economy away from agriculture toward industry is easier said than done," Lin wrote in China Financial and Economic News in 2016.

"Chinese companies invest in Israel, funding Israeli technology, and find ways to make it global. I think the opportunities are endless," Uri Levin, CEO of Israel Discount Bank of New York, told Xinhua on the sidelines of the event.

"Construction of Xiongan New Area will combine both Chinese and Western features, focusing on traditional Chinese style," he said. "We will use ancient and modern Chinese elements to create a city landscape that meets or exceeds international standards."

"China's accelerating consumption as well as market opening-up will help the beauty market grow bigger and more sophisticated," said Lucia Zheng, CEO of Rosilolly. The company aims to be China's Ulta Beauty Inc, the largest beauty retailer in the United States, thanks to a large presence in small cities, targeted marketing to young women and a highly reliable member service.

"Chinese enterprises are so large that the (cloud companies') ability to move with them and take them outside China is beneficial," he said.