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"China only needs 6.3 percent year-on-year growth to achieve its target of doubling GDP by the end of 2020 from a decade earlier as scheduled," he said. In the 2020s, China's economic output is likely to grow at moderate pace, by around 5 to 6 percent year-on-year, according to Liu.

"China is awesome," Mitton added. "I might be a little biased, but I am really impressed with Chinese innovation."

"China lags behind the US in efficiency in much agricultural production," he said. "A proper increase in importation of agricultural products from the US is in the interest of China."

"China has established a complete system to help autistic children, but when they finish the nine-year compulsory education in schools, they have no suitable place to go. They actually need much more attention," he added.

"China is developing rapidly. It's our second-largest market worldwide after North America," Pettiti said, adding that Thermo Fisher has a big role to play in helping China's healthcare sector to develop fast.