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"Continuing uncertainties in the trade and investment environment have dampened the growth outlook across the world, with a likely impact on businesses and jobs, adding to the urgency and imperative of concluding the RCEP (Regional Comprehensive Economic Partnership)," the ministers said.

"China wants to become less dependent on the US and other Western suppliers," he said.

"Chinese carmakers cannot rely too much on their joint ventures for profit, which means they have to work harder on their own models. This will help cull the incompetent but cultivate the competitive such as Geely," Zhang said.

"China's health-tech market is the second-largest globally and exhibits continued robust growth with significant potential," he said. "We focus on major diseases including cardiology, stroke, oncology and respiratory diseases to have developed integrated solutions including suites of systems, smart devices, software and services to meet the local customer needs."

"China's agriculture will be strong enough to export milk to Europe in 10 years," Xu said.