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"China is a world leader in Internet of Things equipment. Constructing a smart city like this would require a lot of such supplies that they can provide." The Internet of Things is the data exchange network that links different appliances, devices and systems infrastructure.

"China is fast transforming into a knowledge economy, with high tech, healthcare, and consumer sectors growing extremely fast. We are confident that many cutting-edge technology firms from Europe will find a big market in China," said Sue Wang, the president's assistant at Beijing SkyoceanCombplus Technology, an accelerator.

"China has become one of our most important markets around the world, and we always attach great importance to our development here," said Howard Ozawa, executive vice-president of Canon and the president and CEO of Canon China.

"China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other. China will stay committed to further reform and opening up and will make new contributions to stabilize the world economy and advance globalization," he said.

"China A shares offer an incredible mix of leverage to the country's domestic economy. That's why, we want to buy them for the next decade. More so because we expect China's stocks to stay neutral, largely unaffected, when the next US market crisis occurs. For example, the Shenzhen Composite Index has among the lowest correlations of all major global indices to the S&P500 index at just 8 percent."