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"China's steps of reform and opening-up will never stop," Han said, adding that the country will not resort to a closed economy under the "dual-circulation" development pattern.

"Core technologies cannot be bought," Guan said.

"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"Coca-Cola is accelerating its journey as a total beverage company," said Curt Ferguson, president of Coca-Cola in China.

"Chinese courts have made public an immense volume of court judgments since 2014. ... The availability of this huge number of cases is transforming scholarship on the Chinese legal system as well as the practice of law within China," said Benjamin Liebman, director of the Center for Chinese Legal Studies at Columbia Law School, at a webinar on Wednesday.