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"Cheap and abundant labor is the most often-mentioned comparative advantage of developing countries. However, this has not been the only reason for the robust development of China over the past four decades," said Fan, also chairman of the China Development Institute.

"China is ready to develop friendship and cooperation with all countries based on the Five Principles of Peaceful Coexistence," Hua said.

"China has accumulated more than 30 industrial internet platforms with a certain size and commercial capacity. Moreover, more than 630 companies and institutes in fields including manufacturing, automation and the internet have joined the industrial internet alliance," he said.

"But we do know this: No one man's action can build a wall between us and a better day, no matter how evil, how thoughtless, or how destructive."

"China has developed the new energy vehicle industry for almost 10 years. The customers have learned to buy electric cars, which will help expand the market," said Cai Jianjun, executive vice-president of Aiways.