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"Family businesses in China should put their focus on business transformation and innovation, proactively monitor the general economic situation, invest more on people and talent retention, and even engage professional advisors to support their development," Sun said.

"Enterprises are facing increasing challenges posed by human resources management due to its growing volatility, uncertainty, complexity and ambiguity," said Wang Zhiying, director of Human Resources of COFCO Group. "The need to help organizations to be better prepared for a changing business environment has become greater than ever."

"Everything, including stimulus measures from more proactive fiscal policy, should be within a safe range, or a legal framework," said Qiao Baoyun, head of the academy of public finance and public policy under the Central University of Finance and Economics in Beijing.

"Even if you're not following Chinese innovation closely, Chinese innovators may come and knock on your door anywhere you are in the world and indeed lift the level of competition," Vijay Vaitheeswaran, an award-winning senior correspondent for The Economist, said at the event.

"Ecology is so important. It is a foundation for many other developments," He said. "The river is our fosterer. We need its water for irrigation, but we also need to make it healthier so it won't hurt us." The planted willows have successfully stopped the banks from collapsing, even during heavy floods, he said.