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"Companies are looking to reduce costs and rejig equity structure, along with an expanded focus on innovation-led development and structural upgrade."

"China's door of opening-up will not be closed and will only open wider," Xi told the recent Boao Forum for Asia.

"China, the world's largest truck market, is of utmost importance to us and has become one of our important markets for future growth," said Martin Daum, CEO of Daimler Truck AG.

"Culture constitutes a meeting point for everybody in the world. China is building, through its Belt and Road Initiative that strives for peace, a great new phase in our region," Mortada told Xinhua on the sidelines of the ceremony.

"Chinese medicine is becoming more and more accepted in Western medical circles as a treatment option for certain conditions, and it is definitely seen as an accepted method of pain management," he said.