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"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.

"China regards Saudi Arabia as a good friend and partner and is ready to work jointly with Saudi Arabia to build on past achievements to open up a new horizon for bilateral friendship and strategic relationship," said Xi, noting that with the guidance of high-level leaders at both sides, the comprehensive strategic partnership between the two countries have formed a new pattern in recent years, in which the relationship is being advanced in an all-around way, at multiple levels and in a wide variety of fields.

"China's determination to further open itself to outside investment shows that China will be an open economy and has more confidence in international markets," he said.

"China's rapid rise reflects a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage," said WIPO Director-General Francis Gurry.

"Chinese firms have made meaningful gains over the past decade after Beijing's directive to prioritize green sectors," Liu said. "These firms can therefore draw on their experience and replicate their successes in Africa to make a significant impact."