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"Chinese healthcare companies have shown a significant trend of going to Europe and the Unites States in recent years. The value of overseas M&A by domestic healthcare companies increased from less than billion in 2015 to nearly billion in 2017," he said.

"China's fast growing 5G technology infrastructure, artificial intelligence, machine learning and digital related-business environment, as well as people's willingness to connect with various products via digital applications, are creating many opportunities, Michael Martin, vice-president of Nike China and general manager of Nike Direct China, said.

"China will be widening the business spectrum for foreign financial institutions and also expand the cooperation areas of Chinese and foreign financial markets," Xi said, addressing more than 2,000 politicians, business and media leaders and scholars at the four-day event, which started Sunday in South China's Hainan province.

"Chinese consumers aren't very worried by the Trump tariff tantrum because this is the eighth consecutive year in which the (tertiary) services and consumption sector is the largest part of GDP," he noted.

"Chinese smartphones are beautiful, bold and dirt cheap, according to an article on CNN's website. "They typically cost just a couple hundred bucks without a contract, and they offer some unique features American phones don't have."