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"China will develop a new model of social governance based on collaboration, co-governance, and common gains," Li said.

"Corporations have to pay tax and avoid illicit financial outflows. Governments have to close tax loopholes which rob the poor of the money required for healthcare, education and development," she said, noting that Africa loses over billion per year in illicit financial outflows.

"Consumer products were among the sectors that were opened up quite early in China. Chinese brands are fast in their innovations of products. Our company is like a car that is shifting gear and using stored-up power, and we are waiting to accelerate and reach the full speed," Ai said.

"Chinese consumers are attaching more importance to food safety, nutrition and health, and have more diversified requirements for food, so high quality food will be what the industry is heading for in 2019," he said.

"China will insist openness and cooperation for mutual benefit during the process of promoting global standards. With the Belt and Road Initiative, we hope more Chinese standards can step outside to contribute to world development," he said.