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"China backs the improvement of inter-Korean ties, the advancement of dialogue between the DPRK and the United States, and denuclearization of the Korean Peninsula," Xi said.

"China is the world's largest consumer market. It is also the world's most diversified and inclusive market which gives platforms and opportunities to potential new brands like us. Chinese consumers chose products by its quality rather than how established in the market your company is," said Liu.

"Changes are coming so much faster these days than in the past. By the time you finish analyzing all the data you're given, it's too late to act," he said, adding that qualified leaders should be able to act in an environment of imperfect and incomplete information while quickly correcting the mistakes they have found in the decision-making process.

"China and the EU should continue to focus on trans-border investment and two-way opening, so as to build a fair, open environment and mechanical framework for business," said Zhou Xiaochuan, former governor of China's central bank.

"China has had great achievements in fighting corruption, which has played an important role in economic development and social stability," said Qi Zhenhong, director of the China Institute of International Studies.