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"China Baowu Steel is ramping up efforts to further accelerate tech research and development to make energy consumption more efficient in steel productions," Hu said.

"China is now transitioning from the high-speed growth pattern to a stage of high quality development, paying more attention to creating jobs, increasing people's incomes and protecting the ecology and the environment, "Ning told media on Wednesday at a State Council Information Office news conference in Beijing.

"China is building an open economy. We welcome European countries to seize the opportunities to scale up investment in China and explore this huge market of 1.4 billion people," he said.

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now consumes more than half of the world's semiconductors.

"China has rich experience in targeted poverty reduction, and that is shareable and scalable," Debele said, adding that some policies carried out in the last few years by the Chinese government, such as rural revitalization and green development, help eradicate extreme poverty sustainably.