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"For businesses, the more they devote to innovation, the greater the risks will be. Thus, it is important to ensure their innovation benefits could be fully protected," he said.

"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"Greater efforts should be made in streamlining administration, enhancing compliance oversight and delivering better services to foster an internationally competitive business environment that provides equal treatment to domestic and foreign enterprises and stimulates the vitality of market entities and social creativity," he said.

"From now on there will only be challenges, and I will always carry out bold reforms as a challenger," he said.

"Germany is a captive of Russia because it is getting so much of its energy from Russia," Trump said, taking particular aim at the proposed Nord Stream II gas pipeline, which he has previously criticized.