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"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."

"China should become one of the leading countries in terms of innovation, and grow into a major technology driving force worldwide by 2050," Wan said.

"Compared with sales figures, we are more concerned about the quality of our sales and customer satisfaction," Xu said.

"China should seize the opportunities to boost innovation in deep learning, smart algorithms and chips, and modernize industries with AI technologies," Lin Nianxiu, deputy head of the National Development and Reform Commission, said at the congress held from May 16 to 18.

"Cross-border capital flows showed a generally stable trend, and the net inflows in the second quarter have increased," Wang said.