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"Currently, we sell about 450,000 smartphones in China every day," Ren said during an interview in late March. "Starting from April, monthly sales are expected to reach 20 million units."

"China's stance on trade war has been consistent and clear. We do not want, but is not afraid of a trade war.

"China should rapidly increase the share of non-fossil energy in its primary energy consumption in order to achieve its carbon neutrality goal, especially promoting the decarbonization of the power generation industry," said Liu Yiyang, deputy secretary-general of the China Photovoltaic Industry Association, at the summit.

"Clearly it's a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.

"Chinese companies are shifting their focus from quantity to quality. Instead of unveiling new products almost every month, they realize that one premium flagship model has greater appeal to consumers," said Xiang Ligang, CEO of telecoms industry website Cctime.