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"Chinese consumers have become more aware of quality," said Joost Vlaanderen, president of Mondelez International China, the company behind Oreo cookies. "They like products that are designed for them, and they are willing to pay a premium."

"China's center of gravity in industry is shifting away from heavy industry more into automated industries and services," said Li Kai, general manager of Schneider Smart Technology Co, which was established in Beijing last week.

"China's economy has continued its trend of stable and improving growth," said Xu, citing improvements in a spate of indicators, such as employment, corporate profits, power consumption and logistics.

"China will not slow its steps in opening itself up. We will work together with other countries to create new drivers of common development through the launching of the Belt and Road Initiative," he said.

"China was our fastest-growing export market," said Comfort. "We've worked on building those relationships for two decades. Now all of that time is basically a loss."