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"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.

"China's swelling middle-income group has rising demand for domestic cleaning, home security and surveillance robots," said Luo Jun, CEO of the Asian Manufacturing Association.

"China, in many ways, actually has led smart city development, and even my hometown Singapore, which is technologically advanced, would like to learn from China.

"Currently, we are setting up international joint research centers with Oxford University and the University of Birmingham," Cao says.

"China's economy is shifting from the phase of rapid growth to a stage of high quality development. It is acceptable to see the growth surge or dip slightly, as long as we see the increase in residents' incomes, the improvement of the ecological environment and high-quality development," Yuan added.