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"China is advanced in multiple fields and we can learn from them, while in some areas, Pakistan is in a better position so we can share our expertise and experiences with them," Chaudhry said.

"China can seize the newest trends in technology by attending SXSW. The event also functions as a big incubator — data show that about 10 percent of the companies at SXSW were acquired after the event. Many startups go to SXSW to look for opportunities while others go there for inspiration and ideas," Forrest said.

"By gathering capital elements and financial resources, the conference is expected to attract domestic and foreign investment firms in driving Wuhan's economic recovery and also offering a lasting impetus for local innovation and high-quality development," said Fang Jie, deputy secretary-general of the Wuhan government.

"China in the new era will present new opportunities for world development and bring new and more opportunities for BRICS cooperation as well," he said.

"China has been the top trade partner of Africa for 10 years in a row," said Qian, pointing out that China-Africa trade has been growing steadily, reaching 4.2 billion in 2018, up 20 percent year-on-year.