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"Consumption accounted for 60 percent of China's economic growth in the first half, more than 40 percentage points higher than the number of investments," Ning said. "We need to ramp up our efforts to boost consumption, such as increasing incomes, improving the environment and adopting policies and measures to promote household consumption."

"China's economic restructuring can be seen in the rising contributions of consumption and services to GDP," he said, adding strong domestic consumption has not only strengthened the country's markets but also stimulated both multinationals and domestic companies to shift the emphasis of their operations from 'Made in China' to 'Made for China'.

"China remains a critical market for European companies, dispelling the notion of economic decoupling," said Mats Harborn, president of the chamber.

"China's efforts to reduce pollution will drive the growth of new energy vehicles, the production and sales of which are expected to reach 15 million units in 2030," said Fabio Schvartsman, CEO of Vale SA, a Brazilian mining behemoth.

"China urges these countries to abandon hegemony and power politics, and stop all the wrong deeds that go against the trend of history," he said.