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Liang Hua, chairman of Huawei, said: "We have been working hard to ensure smooth operations, and our organization is as sound as ever. With effective management, our business has remained robust in the first half of 2019."

Li said the government is confident that the target will be met.

Li said China holds an open attitude toward exchanges with the US and there is huge space for bilateral exchanges in various fields, including media. "It is critical that the two sides do their utmost to create conditions for strengthening communications and facilitating bilateral cooperation," he said.

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Lim added the company was "very actively" looking to replenish its land back in China, where appetite has "very clearly" returned, according to CNBC.

Li said a growing lineup is helping drive the momentum, including the fourth-generation Carnival MPV and the all-new Zhipao SUV.

Lin Tao, a partner at Goetzpartners, said that Chinese companies had focused their efforts on business model innovation instead of competing on costs in recent years. The ongoing transformation has also impacted German companies in China, with up to 23 percent of the surveyed companies being involved in research and development activities in China that generates improved or new products for world markets. "We expect this trend to accelerate in the mid-term," he said.

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Li said that the huge demand in the Chinese market is the major growth engine for Corning.

Li said the external environment is improving and becoming more favorable for China's growth. He said China's producer price index (PPI), which measures factory-gate prices and reflects the state of corporate activities, has stopped falling and picked up in recent months, meaning corporate profits will rise and investment will increase.

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Li suggested the country should speed up efforts to build world-leading new AI infrastructure, strengthen the cultivation of AI talents and promote the application of open-source deep learning platforms in various industries.

Li said China and Mozambique are strong friends and that successive leaders of both countries have tried to ensure the ongoing friendship. He noted that ties have entered a new era since the heads of state of both countries decided to elevate the bilateral relations to a comprehensive strategic partnership of cooperation in 2016.