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"China should pay more attention to make its ODI moves better suited to its 'dual circulation' development pattern by meeting domestic market needs via investment activities in overseas markets," said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

"China's demand for bauxite continues to grow but the supply fell. That gives other bauxite-rich areas, mostly in Southwest China like Guizhou, an opportunity for development in aluminum production," said Cheng Wenchao, an analyst from consulting firm Aladdiny which is specialized in the bauxite industry.

"Considering the increasingly busy lifestyles of modern consumers, we are actively expanding our ready-to-drink portfolio to meet the demand for high-quality coffee with convenience, and to cultivate new growth areas in the increasingly competitive global coffee market."

"China's income growth remains at the same level of mid-income countries and it still has a lot of potential to develop," he told another forum held by the Institute of Economics of the CASS on Friday.

"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," Lei Jun, founder and CEO of another leading smartphone vendor Xiaomi Corp, said at the WIC.