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"China has taken the 'last train' of the industrial revolution, the 'fast train' of the internet revolution, and finally made its way into the 'first-class cabin' of the mobile internet. But we should notice that there is lack of key products and technologies in an array of irreplaceable areas," said Gao Hongwei, chairman of CASIC.

"China is speeding up the transformation from industrialization to informatization. Intangible assets such as patents, trademarks, copyrights, business secrets and software are playing an increasingly important role, so intellectually property protection has become more significant," he said.

"China is facilitating global trade through the Belt and Road Initiative. What we have seen in the trade frictions between China and the US is a negative side where people say global trade causes problems. You need certain rules to the game so that both sides of trade feel they benefit," he said.

"By listening to employees, a leader could know what's happening in the company, and he's able to figure out ways to give directions," he says.

"But they have to take a step back ... and look at the facts."