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"China has continued to deepen reform and development, creating a fairer and better business environment for global companies operating in China, prompting us to bring more innovative solutions to the country in a faster manner," he said.

"China has shown itself to be a vivid example of the benefits that can flow from the active hand of government in investment in infrastructural development," Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, said in a recent interview.

"China is still 100 percent a developing country," he said. "Regrettably, some countries are taking China's positioning of developing country to make a fuss."

"China has an aging population and declining birthrate, making it more important for people to build wealth and plan for their retirement. That means they will have to make a shift from savings to making more financial investments," he said.

"But most importantly, enterprises should improve their capability of protecting their own IPR," he added.