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"Chinese biotech firms are on the rise and are set to benefit patients in developed and developing countries alike," he added.

"Cross-border e-commerce brings innovation to China's online retail," said Feng Gengzhong, dean of The School of Management at Xi'an Jiaotong University at a panel discussion during The Third Silk Road International Exposition and the Investment and Trade Forum for Cooperation between East and West China.

"China's current public debt level, by our definition, which is a broad definition, is still moderate in an international context," said Alfred Schipke, the IMF's senior resident representative for China.

"Currently, Chinese students attend online classes at home, and those with weak self-control are more likely to indulge in mobile phones and the internet," said Tang Zhisong, a professor with China's Southwest University.

"Chinese customs will continue to improve their law enforcement ability and intensify cooperation with overseas counterparts to promote the establishment of a more solid international network for fighting IPR infringement."