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"Culture constitutes a meeting point for everybody in the world. China is building, through its Belt and Road Initiative that strives for peace, a great new phase in our region," Mortada told Xinhua on the sidelines of the ceremony.

"China spends more than 0 billion to import chips every year, more than the amount spent on crude oil imports," said Deng, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

"China's competitive advantage in attracting foreign investment has not changed,” Zong said, adding most global companies' confidence and strategy in investing in China have not changed too.

"Chinese beers are encountering a significant premiumization over the past few years as Chinese consumers become more sophisticated," said Andre Feldmann, director of Asia Operations at Barth Haas Group, a supplier of beer hops.

"China's banking industry is facing a reshuffle. This is even more so for small city commercial lenders and small rural commercial lenders," he said.