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"China's industrial upgrade was inevitable," said Feng. "Even though many people these days are saying that manufacturing is shifting outward, this is a positive signal, because China's development has reached a certain level and it is reasonable to conduct international industrial capacity cooperation."

"Company leaders need to focus more on using data for accurate analysis, which can enhance the whole process, ranging from product design and target groups, to marketing tools and after-sale services," Li said at the 2018 iPinYou Artificial Intelligence Conference.

"Controlling the number of climbers is another key measure to ensure both mountaineering safety and ecological protection," he said.

"Competition is the soul of market mechanism. Implementing competition policy in China's FTZs will promote institutional innovation, enhance their development and explore effective ways to strengthen the fundamental roles of competition policy," said Gan Lin, vice-minister of the State Administration for Market Regulation and commissioner and secretary-general of the Anti-Monopoly Commission of the State Council, China's Cabinet.

"Compared with the manufacturing sector, the financial and service sectors of our country are still lagging behind, which will become an increasingly bigger obstacle to China's upgrading of its industrial structure and sustainable economic growth," Li said. "We must have a well-developed financial market in terms of depth and breadth."