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"China has an indirect financing-oriented financial system and banking loans play a leading role in social funding," said Pan.

"By next year, China's online spending will be greater than the rest of the world combined. At Alibaba, we want to help you take advantage of this appetite for consumption through our e-commerce marketplaces," he said, referring to the slew of online shopping portals under its brand.

"China has become AstraZeneca's second-largest market and a crucial platform for growth, playing an increasingly important role in our global innovation strategy," Pascal Soriot, chief executive officer of AstraZeneca, said at an AI forum at the CIIE.

"China is such an exciting market for us as we are seeing a huge increase in the awareness of the importance of oral care. A generation ago Chinese consumers would only see a dentist when they had problems, now people are more proactive and take better care of themselves and their families," he said.

"China Chengtong will team up with other investors including Baidu, Alibaba and Tencent to help China Unicom develop in cloud computing and big data," Li said. "More important, through the fund investors can share the opportunity to participate in SOE reforms."