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"China's steel output snowballed from 158,000 metric tons 70 years ago to approaching 1 billion tons this year. But new problems are emerging to threaten our competitiveness, including the homogeneity of products and unbalanced supply and demand," said Chen.

"Chinese education market is huge and is developing at a rapid speed. A group of education companies hope to advance education through technology and strengthen communication with foreign enterprises and institutions," said Chen Dinghong, chief advisor of TAL overseas.

"Chinese markets will continue to see enormous gains in Internet videos and other emerging areas," PwC partner Wilson Chow said.

"China stands ready to work with all parties together to promote open, linked, cooperative and green developments, and release positive signals to firmly support multilateralism, and join hands in building an open world economy, fostering a global partnership with interconnectivity and promote global development," Yang said.

"China will push reform and opening-up more actively, and deepen State-owned enterprise and asset as well as fiscal and financial reforms, to implement major opening-up measures previously fixed," said a statement released after a meeting last month of the Political Bureau of the Communist Party of China Central Committee.