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"China has fabulous designers, a large market, and outstanding brands, but it needs to make global consumers aware of the charm of Chinese brands, which certainly can be promoted on a bigger stage," he said.

"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 has leaped into the next stage of the mobile world while a lot of transactions are done mostly on desktops among European economies," Groth said, adding that it is another area where the countries can deepen their cooperation.

"China attached great importance to opening up the service sector and boosting the service trade. Trade-in services are becoming a new driver for high quality economic growth."

"By building industry clusters, provinces and municipalities along the belt can boost their competitiveness, which will optimize the industrial structure and help move industries in the regions from 'mid to low-end' to 'mid to high-end' markets in the long term," said Wu Qi, from the commercial bank research center at Hengfeng Bank Research Institute.