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"China is working to develop the multilateral trade system. At the time, when some countries close their markets or turn to bilateral trade relations, China has introduced its famous One Belt One Road Initiative, which is advancing global free trade," Osypenko said.

"By using its full digital traceability system and digital tools such as smart sensors, visual inspection and auto monitoring system to improve quality control, Danfoss CC Tianjin factory has improved labor productivity by 30 percent and reduced customer complaints by 57 percent within two years," the WEF announcement stated.

"CATS has grown into one of the most innovative and successful independent education providers in the United Kingdom and the United States."

"China already has extensive cooperation with other countries in fields that it plans to lead," he said. For example, China, Japan and the Republic of Korea have been studying weather and the water cycle on the Qinghai-Tibetan Plateau since 1996, according to the Institute of Tibetan Plateau Research.

"China is consuming north of 1,000 tons of gold (annually) and the consumption is at a steady pace. It reflects the steady growth of GDP in China," said Chairman of the World Gold Council David Harquail. "As long as the wealth of China keeps expanding, gold will get its share of the growth in the future."