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"Cloud computing is a significant support platform for the IoT," said Song Hongming, senior marketing director of Huayun Data Group, a Chinese unicorn company that provides cloud services for over 300,000 businesses in the fields of traffic management, finance, education and manufacturing.

"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.

"China's SOEs maintain benign partnerships with enterprises under all types of ownership, as well as foreign enterprises. Cooperation helps China's SOEs in further deepening reform, improving development quality and enhancing management. This is a win-win situation that we look for," Xiao said.

"China's remarkable progress in reducing extreme poverty has significantly contributed to the decline in global poverty," said Hoon S. Soh, World Bank program leader for economic policy for China.

"Chinese panel companies are developing rapidly in the flexible and foldable screens sector, but we still lag behind South Korean competitors in key technical talent, craftsmanship and product reliability," said Wang Jian, analyst at Beijing-based market researcher Sigmaintell Consulting.