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"China will not slow its steps in opening itself up. We will work together with other countries to create new drivers of common development through the launching of the Belt and Road Initiative," he said.

"Chinese investors are more cautious about investment. They no longer chase those hotbeds but start to think about business sustainable in the long term," said Xu.

"China's test tube baby technology has reached leading levels in the world," she said.

"Chinese companies may overlook the regulatory and compliance complications of investing in the country. These include an intricate tax regime and stringent rules around employment and data protection."

"China will become increasingly open, transparent and predictable to foreign investment, and its overall trade investment will be better and better," Li said at the opening ceremony of the World Economic Forum's Annual Meeting of the New Champions in Dalian, Liaoning province.