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"China's insurance depth, which was calculated by the premium to GDP rate, was over 4 percent last year, while the global average was over 6 percent," Rui said. "Also seen from the lens of average number of policies per capita, the number in the United States reached 6 while that of China was fewer than 1."

"Countries and regions need to strengthen cooperation to together plug the funding gap by leveraging additional funding from various sources, from both government-led and private sources," according to Zhou.

"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"China will continue to raise policy transparency and stability, optimize government services and improve the business environment for investors from all around the globe."

"China's foreign trade is shifting from a phase of rapid growth to a phase of high-quality development," said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.