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"China has come up with solutions such as the Belt and Road Initiative that aim to create a more open and inclusive international cooperation platform to fuel a new round of development," Xu said.

"Cars will not be cars without smart functions in the future," said Zhu Huarong, the carmaker's president. He said its cars with high-level autonomous driving functions will hit the market in 2020.

"Calm and rational" minds are needed to resolve remaining issues and achieve progress, Yang said.

"China is one of the most important investment destinations for Temasek, and we remain optimistic on China's trajectory in the medium to long term," said Wu Yibing, head of China, Temasek.

"But we believe physical stores will still play an important role. Things will just become increasingly integrated.