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"Even if you're not following Chinese innovation closely, Chinese innovators may come and knock on your door anywhere you are in the world and indeed lift the level of competition," Vijay Vaitheeswaran, an award-winning senior correspondent for The Economist, said at the event.

"Every company has its security risks, every company is trying to do the same thing," Barberio told Xinhua in a recent interview. "But Italy cannot do the rollout without Huawei. The company has a quarter of the patents for 5G technology. If Italy sticks with the European companies it's just Nokia and Ericsson, and the rollout will be slower and the prices higher."

"DJI was born in China and satisfies the needs of the world," Luo said.

"Department stores became popular at the early stage of China's reform and opening-up when people wanted to buy different life necessities in one shop. But nowadays, people visit physical stores for an experience as opposed to simply purchasing goods," said Wan Weiwei, an official with the Beijing Municipal Commerce Bureau.

"Despite the current (tense) international environment, Chint has maintained a growth momentum abroad, mainly thanks to logistics improvement and the Belt and Road Initiative," said Nan Cunhui, chairman and founder of Chint, on the sidelines of the ongoing two sessions in Beijing.