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"China ranks as Houston's second-largest trading partner with an estimated value of over billion in 2018. Chinese investment in Texas, and in Houston in particular, has grown significantly over the last several years as evidenced through major Chinese investments from Sinochem, COSCO, CNPC, ICBC, Memstar, America Modern Green, Tianqing Real Estate Group, Satellite Petrochemical, and more," Shen said.

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"China's economic expansion slowed in line with expectations, and conditions will be weaker in the second half as China is carrying out deleveraging moves, and the trade conflict between the US and China is uncertain," said Gao Ting, head of China market strategy at UBS Securities.

"China's high-level opening-up must adopt the rules of the market economy and be brought in line with international and regional economic integration to a high degree," Li said. "Only in this way will we be able to play the lead role in planning and designing regional rules for the market economy while taking an active part in global governance. It will provide a strong driving force for domestic circulation."

"China will further deepen the production capacity collaboration with the ASEAN as the country has an abundant amount of advanced production capacity and equipment, which ASEAN needs," said Gao. "China is willing to better implement the Joint Statement between ASEAN and China on Production Capacity Cooperation."