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"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"China has continuously engaged in international human rights cooperation in a responsible and constructive way… We set a high score by the recommendations mentioned in the report, and will study them seriously, responsibly and thoroughly, and present our response when the report is endorsed at the Plenary of the Human Rights Council next year," he said.

"China is taking the lead in the autonomous driving sector around the world," said Li Zhenyu, corporate vice-president of Baidu and general manager of the company's intelligent driving group. He said that Baidu Apollo will continue to push forward the commercial application of autonomous driving.

"But the aim is to get there by 2020," Zhu Youkui, the chief economist for the local government's poverty alleviation unit, says in Nanning.

"But to participate in China they will have to be competitive in China and being competitive in China means being as innovative, as productive and digital as Chinese enterprises are," Woetzel said.