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"Byton is inspired by 'bytes on wheels'. Byte stands for the internet and wheel stands for the auto industry. We want to build Byton into the next-generation smart device," said Daniel Kirchert, president of the 1-year-old startup when he addressed the audience.

"Can you freestyle?" has become an immensely popular phrase on China's social network thanks to Chinese pop singer and actor Kris Wu.

"China is clearly committed to being a leader in sustainability. Across industries, people understand that sustainable, green development is critical for the long-term success of China's urbanization over the next few decades," he says.

"China has the fiscal space and so it is appropriate that it consider using it, with due caution, to counter global economic headwinds," Goldberg said.

"China has a huge population, so lifting so many people out of poverty in recent years will be a huge achievement," he said.