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"Changes are coming so much faster these days than in the past. By the time you finish analyzing all the data you're given, it's too late to act," he said, adding that qualified leaders should be able to act in an environment of imperfect and incomplete information while quickly correcting the mistakes they have found in the decision-making process.

"China has a population of 1.4 billion, with 4 million new cancer cases arising annually, but around 90 percent of innovative and patented cancer drugs in China are imported, and highly-priced," he said.

"China has the potential to become a world leader in three areas supporting the development of artificial intelligence－data, computing capability and algorithms. Besides, as the market size for internet and information security is expected to see a 10-fold increase, many Chinese practitioners in these areas will take this opportunity to start their own business," he said.

"China has signed 103 cooperation documents with 88 countries and international organizations on jointly constructing the Belt and Road Initiative during the past year. 255 of the agreements reached during last year's forum are under progress with 24 of them progressing steadily," said Meng.

"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.