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Having been traveling between Europe and China a lot in the past years, Pfetten said he believes that China is already well-prepared for the economic and trade frictions.

Having made breakthroughs in the military and industrial sectors, it began to explore more consumer-orientated products last year, such as scooters and robots. That appears to have opened growth in new markets. Around 90 percent of its consumer products are sent overseas.

He Lifeng, minister of the National Development and Reform Commission, reiterated the government's efforts to step up construction of gas storage facilities in the country, including liquefied natural gas storage tanks and gas pipeline networks that transport gas from the south to the north.

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He added that more training will be provided to its foreign employees to make sure that they understand China's laws and regulations.

Having anticipated potential threats, Chinese leadership pinpointed financial security is vital to national security and a key foundation for stable and healthy development.

He also noted a lack of new technology and construction professionals and facilities in rural areas. 

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Having attracted luminary enterprises like Huawei Technologies and SAIC Motor, the park is focused on the integration of 5G technology with automobiles of the future, smart manufacturing and data ports.

Having effectively taken over the coastal areas of Hainan province, real estate developers have turned their gaze to the island's wetland, contributing to its disappearance, according to an ecological expert.

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He Shusi contributed to this story.

He also underscored improvements to voluntary service in emergencies with enhanced expertise and capabilities to advance social governance modernization.