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"China is transforming to a very powerful and prosperous country," he said, adding that the meeting is helpful for his party as well as his country.

"China is the one of the biggest markets of NEVs in the world. What we do sets an example in the world (and) will have a significant impact for automakers in other countries," Zhang said.

"China as a world-leading economy and the UK's fifth-largest trading partner is an important market for British companies as we look to build independent trading relationships across the world," Fox said. "As an international economic department, we want 2018 to be the year of exporting, with businesses across the UK seizing the opportunities that the world provides."

"China never imposes its own will onto other countries," said Rao.

"China has already commenced rolling out the 5G networks and the massive market scale it brings for the entire industry will make 2020 the breakout year for 5G," said Peter Richardson, research director at Counterpoint Research.