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"Chinese shoppers have become more rational, and they are not blindly following the crowd to imitate others. They want products with both commercial culture and consumer mentality," said Pan, adding localization of global brands must keep pace with the times to stay competitive in the fast-changing Chinese market.

"China's hybrid rice research is leading the world and has made significant contributions in easing Africa's food shortage problems. Compared with conventional rice, hybrid rice has obvious advantages in production. In China, grain output from hybrid rice plantations can feed up to 80 million people," Ma said.

"Compared with previous sessions, the number of activities of this year's conference will reach a new high," according to Jing Ge with the Sichuan Association For Science and Technology, co-organizer of the conference. "It is also more internationalized with a stronger lineup."

"China's economic fundamentals are better than in 2015 and 2016, and the yuan has got rid of unilateral fluctuations," Dai said.

"China's macroeconomic policy tools are adequate," Sheng Songcheng, former head of the statistics and analysis department at the People's Bank of China, the country's central bank, told China Daily on Sunday. "Proactive fiscal policy will play a major role, while prudent monetary policy will be used to coordinate the fiscal policy."