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"China is good at scaling up the innovation that will have global impact. Whenever there's a new technology or a new industry, China is a good place to scale it up," he said.

"China is very experienced in land renewal. We've seen a successful case in the Kubuqi Desert, where 6,000 square kilometers of land once covered by sand is now green and more than 100,000 of its people are now out of poverty," said Monique Barbut, the UN desertification convention executive secretary.

"China has great potential in the consumer genomics testing sector. Compared with that of some developed countries, the market is still in its infancy in the nation," said Danny Yeung, co-founder and CEO of CircleDNA, a Chinese consumer genomics testing startup.

"China already is seeing a batch of world-class companies arise on the horizon," said Wang.

"By 2020, China will abandon the concept of absolute poverty and we will use low-income or minimum insurance to define this," he says. "It also implies that when China enters the high-income stage, the new standard will give us a better idea of how we can invest in human capital and help poor people improve their development ability."