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"China is one of Novo Nordisk's most important markets, and we will continue to develop in China to serve more Chinese people with diabetes, and through China Essentials 2.0, help bring Chinese innovation to the world."

"China has made breakthroughs in a number of key technologies and equipment, including nuclear power, unconventional oil and gas, and gas turbines," he said, adding that innovation in areas such as smart grids, electric vehicles, large-scale energy storage and energy big-data are becoming increasingly dynamic.

"By monitoring oil pipelines, the satellites can raise an alarm and point out locations if anything like an oil leakage or theft occurs. They can also be used to monitor ocean shipping and other logistics," said Xie Tao, founder and CEO of Commsat.

"China has rich intellectual resources and a complex market structure. Multinationals have sped up the pace of setting up research and development centers in China in recent years," Wu said.

"By applying the technology, the yield of rice can reach 59.53 kilograms per hectare, while the average yield of rice in China is about 26.67 kg per hectare," Chen said.