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"China has made a lot of progress, especially in the last 10 years. It's unfortunate that 'trade war' brings a lot of attention to the negative areas of the relationship, but the IP system in China is a positive area," said Robert Merges, a law professor at University of California, Berkeley and co-director of the Berkeley Center for Law and Technology.

"CITIC's real estate networks and strategic alliances with developers including Vanke and China Resources may potentially open up more opportunities," said Cheung.

"Cars are getting more advanced, they need higher quality fuel that can meet the environment requirements. We can help on this."

"By using its full digital traceability system and digital tools such as smart sensors, visual inspection and auto monitoring system to improve quality control, Danfoss CC Tianjin factory has improved labor productivity by 30 percent and reduced customer complaints by 57 percent within two years," the WEF announcement stated.

"CASME used to be a grassroots association seldom participating in international activities. However, since the first half of last year, especially since May this year when the Belt and Road Forum for International Cooperation was held, more associations like CASME in countries such as United States, Russia and Singapore have contacted us for cooperation," said Ren Xinglei, senior vice-chairman of CASME, in Beijing Thursday.