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Joe Kaeser, chief executive officer of Siemens AG, the German industrial conglomerate, said he believes people should not confuse the lack of competitiveness with unfair trade. If companies lack competitiveness, they need to invest in innovation and talent nurturing in order to catch up.

Jinny Yan, chief China economist at ICBC Standard Bank, agrees, adding that Xi's speech was consistent with China's existing plans to further its reform and opening-up, instead of being distracted by short-term US trade tensions.

Joseph Cavatoni, managing director of the World Gold Council USA, believes demand for the yellow metal remains stable, non-speculative and long-term. Accommodative monetary policies, along with safe-haven and momentum buying, drove demand.

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Jing Qingchun, executive vice-president of FAW-Volkswagen's Audi sales division, said the model's all-new design, smart technology and driving experience will make it a popular choice for younger drivers.

Juneyao Air is eyeing additional routes linking China to London Heathrow in the UK, as well as Athens, Greece, Vladivostok, Russia, and Cairo, Egypt.

Juan Fernando Lugris Rodriguez, head of the Latin American diplomat delegation and Uruguay's ambassador to China, highlighted China's great contribution to poverty alleviation worldwide. As of October 2015, the nation has doled out nearly 400 billion yuan ( billion) to 166 countries and political organizations around the world, has dispatched over 600,000 workers to other countries and has provided medical assistance and social services in 69 countries.

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John Farnell, a senior adviser at the EU-Asia Centre, said the top priority in economic cooperation - for China and the European Union - should be promoting multilateralism.

Jochen Goller, senior vice-president, of BMW Brilliance Automotive Co. [Photo provided to China Daily]

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Joseph Wong