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"China's evolving regulatory policies and enhanced business environment have certainly led to a boom in the R&D (research and development) activity relating to new medicines. Investors have noticed the trend and are rushing to the market," said Han Tao, deputy general manager of China Capital Investment Group, at an event.

"Consumption plays a fundamental role in China's economic development and is the primary driving force behind the economic growth," said Ning Jizhe, head of the National Bureau of Statistics, adding that the steady growth in the income of residents will boost consumption.

"China will work closely with Gabon on the success of the FOCAC Beijing summit, and open up new frontiers for China-Africa comprehensive strategic cooperative partnership through bilateral cooperation in the Belt and Road Initiative." Wang said.

"China's care about fighting air pollution and protecting the environment is motivated by its care about the health of Chinese citizens in the first place, which is a good thing that has led the country to vow a commitment to relevant international goals," said Magdy Allam, secretary-general of the Union of Arab Environmental Experts affiliated with the Cairo-based Arab League.

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.