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As the world's top automation technology provider, ABB has advanced from investing in China to taking root in China while serving globally, Chen noted, adding that ABB had more than 280 projects related to the Belt and Road Initiative in the past year, benefiting the company a lot.

As the price of VR hardware falls and content becomes increasingly abundant and diverse, more people will buy and embrace professional VR goggles, Yuan added.

As to manufacturing development in Shanghai, Li said that it should be centered on core technology, high-end industrial clusters and reliable quality. In this sense, Shanghai shall grow into the incubator of emerging industries and a center for advanced manufacturing industrial clusters.

As the world's largest coal producer and consumer, China has been accelerating the pace of slashing excess capacity. It seeks to cut capacity by at least 150 million tons in 2017, according to the National Development and Reform Commission.

As the novel coronavirus epidemic continues to spread across the region, with Hong Kong's tourism, retail and catering sectors taking the brunt of the impact, a host of enterprises have applied for tax deferrals involving HK billion in delayed profit tax returns for the SAR government in the next financial year, according to Alfred Chan, tax director at Deloitte China.