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"But technology by itself is not enough. Projects with advanced technologies must be accompanied by viable business models, stable regulation, and smart policies to deploy the technologies," Nakao added.

"China has built the world's largest vocational education system with more than 16 million secondary vocational education students," said Lu Mai, secretary-general of China Development Research Foundation.

"China accounts for 60 percent of the world's most successful female entrepreneurs, while Chinese women make up one-fifth of the world's female population," said Rupert Hoogewerf, chairman and chief researcher at Hurun Report. "Reform and opening-up, as well as entrepreneurship of Chinese women, can be the reason behind this story," he added.

"Challenges still exist including changes in the external environment and corporate financing difficulties. However, these will not change the stable and positive trend, and financial risks are controllable as China's macro-control policies will gradually take effect," noted Zhang.

"China has accumulated rich experiences in dealing with crises of various kinds after 40 years of reform and opening-up, which boosted China's confidence about the future of its economy," said Ning.