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"Chinese companies are shifting their focus from quantity to quality. Instead of unveiling new products almost every month, they realize that one premium flagship model has greater appeal to consumers," said Xiang Ligang, CEO of telecoms industry website Cctime.

"China's uniquely advantageous position on the global economic stage is incomparable. The country offers an enormous wealth of hard-earned experience as well as technology that can be shared and transferred among developing countries," said Rachel Duan, president and CEO of GE China.

"China would always pursue development with its door open wide, build a new platform for international cooperation, inject new momentum for common development, and promote the building of an open world economy and a community with a shared and bright future for mankind," Zhang said.

"Cle de Peau puts in a lot of efforts and investment in the R&D of its products, and it doesn't advertise much. The brand builds its reputation by word of mouth," said Neil Wang, president of consulting firm Frost & Sullivan in China.

"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.