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"China has become a crucial force of opening-up in global development," Zhou said, adding that the country has furthered opening-up in a broad-minded way when protectionism and unilateralism are on the rise around the world.

"CPEC is making excellent progress and is rapidly transforming the infrastructure and energy landscape of the country,"said the minister, hoping that CPEC will further strengthen the relations between Pakistan and China for the prosperity of the region.

"China is taking first good steps to open up its auto sector," Fredrik Erixon, director of the Brussels-based think tank European Centre for International Political Economy, told Xinhua.

"China is one of world's biggest markets [for books] and with the one-child policy dropped by the government, we see the opening of a new market," said Kurniawan while showing picture books at their booth.

"By doing so he is going to put about 800,000 people out of work. He proposes no solutions for those folks to continue employment anywhere," Smith told China Daily. "He puts at risk the pensions of hundreds of thousands of retirees with no solution on how to fix that problem either."