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"By partnering with Huawei to launch the "5G Capital" project, we aim to push Beijing's 5G construction into a new stage. We hope to leverage our edge to establish a global benchmark for 5G networks and applications," Yang said.

"China is paying great attention to the development of this technology. Our principle is to encourage trials, allow failures, ensure safety and oppose monopolies," he said.

"But our experiences show that such services should be conducted by professionals and under the protection of related laws or regulations," Tokuchi said. "I'd like to promote more exchanges on the issue between experts and governors from the two countries. In the new era, we are facing similar challenges and should work together to seek joint development."

"COFCO will put its major focus on grain, oil, sugar and cotton," said COFCO President Yu Xubo. "We will achieve agricultural commodity imports by 2020 of 30 million tons of corn, 20 million tons of soybeans, 10 million tons of rice, 10 million tons of wheat, and 5 million tons of sugar."

"China has made rapid progress in improving its business climate for domestic small and medium enterprises in the past year. This progress, which now puts China among the top 50 economies in the world, signals the value the government places on nurturing entrepreneurship and private enterprise," said Bert Hofman, World Bank country director for China.