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"Competition is the essence of market economy, the foundation of stimulating market vitality and the motive force of expanding market opening," said Chi Fulin, president of the China (Hainan) Institute for Reform and Development.

"Cooperation between China and EU could help realize the great potential of EU's Connecting Europe and Asia strategy and China's Belt and Road Initiative," Xie said.

"China saw a dip in car sales last year, but we think of it as a marker of China's transition into a developed market," said Enno Tang, president and CEO of Continental China.

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.

"Cities, states, and nations that invest in their people will thrive," he added.