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"China, more than other emerging markets, has the ability to manage its own future, at least within the confines of its domestic financial system and the domestic economy," said Alastair Wilson, Moody's head of global sovereign rating.

"China's integration with the world will continue to get deeper," Li said, expressing his appreciation to those in attendance, who he sees as "passionate about China's development".

"China's increase in imports between 2013 and 2018 contributed 22.7 percent to global import growth during the same period, which suggests China's imports, domestic market and consumption have been the leading driving engine for global economic growth," he said.

"China's young luxury consumers are more interested in aspiration than heritage, making it imperative for brands to modernize their stories and deliver them through digital channels," said Luan Lan, partner and leader of McKinsey's apparel, fashion, and luxury group in China.

"China's willingness to consider joining the CPTPP is a positive sign for China in remaining open to the world, supporting regional multilateralism and free trade."