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"China has been on a very rapidly changing journey which many don't really fully appreciate ever since," he said.

"China has explored a way of development financing." Zhou cited the China Development Bank as a good example in integrating resources, bridging the state with market and operating independently from government subsidy.

"China has an immense goods trade surplus with the US, but the country's huge trade deficit in services reminds one of the comparative advantages of each country in terms of the manufacturing and service sectors, and demonstrates the complementary traits of their differing economic structures," Long said.

"China is one of our most important strategic markets and we aim to provide Chinese consumers with the most innovative mobile experience. Artificial intelligence has become the new growth point pushing China's development, so we hope to launch AI-enabled smartphones and products," said Kwon Gyehyun, president of Samsung Electronics China operations.

"By the end of this year, apart from certain confidential documents, all the documents required for imports and exports will be applied and processed online a year ahead of the schedule proposed by the State Council," he said.