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"By strengthening its small-and medium-sized enterprises, China will further open its economy by enhancing the regime of intellectual property protection of foreign companies and by lowering tariff on strategic sectors such as the auto manufacturing industry," he said.

"China is playing a much more active role in the United Nations, and it's playing a greater role in the IMF and the World Bank," said Robert Hormats, Kissinger Associates vice-chairman.

"China experienced very rapid productivity growth, at least until recently, as pragmatic, progrowth policies helped deploy its abundant capital and labor more productively, and this included rebalancing of State and market forces in resource allocation," he said.

"China is an incredibly important market for Red lobster and us. There is a huge demand for seafood in China, especially premium seafood, and this demand is still growing," explained David Martin, cofounder and chief operation officer of FWM Group.

"China is committed to fostering an open world economy and upholding the WTO-centered multilateral trading regime," he said, stressing that China is committed to making globalization "more open, inclusive, balanced and beneficial to all."