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"China now takes the lead worldwide in terms of hardware facilities. And we still enjoy an abundant supply of human resources. But we still need to learn from Japan and South Korea for their advanced management methods. It is only with an open attitude that we can see a win-win situation."

"China now imports around 10 million tons of steel products annually from other countries, and a large proportion of these imports belong to the special steel sector," said Ma Li, chief researcher at the Lange Steel Information Research Center.

"By making prudential monitoring indicators, conducting pressure tests, straightening up standards and implementing early intervention, we have effectively contained the accumulation of risks in certain areas that have comparatively large hidden hazards of posing a systemic risk to the financial system, such as real estate lending, local government debt and internet finance," said Guo at the Lujiazui Forum 2018 on Thursday.

"But of course, the medical and public health professionals were not allowed to proceed unchecked," he said, referring to President Donald Trump's frequent undercutting of his own experts.

"China is now at the cutting edge of solar technology and low-carbon transport, and leads the world in embracing non-carbon renewables such as wind, solar, and geothermal biomass," he said.