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"China has embraced the world with open arms, made a significant contribution to promoting international trade and increasing global wellbeing, and become a key anchor and driver for the world economy," says the white paper.

"China owns the world's largest esports audience. In 2016, there were 106 million people watching related competitions," he said. "We predict at least till 2021, China will still be home to the world's largest number of gaming fans, with their number reaching 218 million. There is a huge potential for the industry."

"China is already the largest market for electrified vehicles, offering us unprecedented opportunities to develop new types of traction motors, which are the most important element of an electric vehicle's powertrain," he said.

"China may also increase input in science and technology, research and development, and education," she said. "Its investment in basic research and frontier technology fields, such as semiconductors, robotics and high-end manufacturing, is expected to increase and further push development of the digital economy."

"China has the global competitive edge in terms of labor-intensive products, while the US has the global advantage in terms of skill-intensive products and service industry," said Xu Hongcai, an economist with the China Center for International Economic Exchanges.