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Among the measures decided at the meeting was a reduction in construction assurance deposit requirements and the cancellation of an industry restructuring charge that is ultimately levied via power bills.

Amid challenging times for the global civil aviation sector, industry players around the world are paying close attention to China's wider opening up and large market. Leading the global air traffic recovery, China's reviving civil aviation industry is fostering new business opportunities for the global market and industry players.

American companies and Chinese companies have worked together in the innovation space "in a very beautiful manner" and both countries can choose to make progress together so that cooperative innovation can thrive, said Allen.

Among them, 89.62 percent said they felt their personal data have been overly collected, while 79.23 percent were concerned about a data hack.

Among the attendees, 131 are international companies from 20 countries, including Poland, the Republic of Korea and Australia. A new exhibition area features skincare products from the Republic of Korea will be set up this year, Gao Feng, a spokesperson with the Ministry of Commerce said at the press conference Friday.