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Another innovation force for Zhejiang private enterprises comes from their long-standing awareness of cooperating with universities and scientific research institutions for development and upgrade, Guo said.

Ao Aiguo, deputy general manager of Baosteel Zhanjiang, said: "In fact, some of our energy-producing products can be used as raw materials for Zhongke and BASF projects, and some of their intermediate products can be used on our processing lines."

Apart from learning the Chinese language at the Confucius Institute, Matto said he also learns the language by listening to audios that he downloads from the internet.

Apart from a large group of Chinese peers, the middle-aged Li was also accompanied by his Bangladeshi partner M A Taher, president and chief executive officer of garment producing company Farseeing Knit Composite Ltd, who shared the exhibition booth with Li.

Ant Financial CEO Jing Xiandong said the company serves over 650 million people on a daily basis and its vast reach has evolved over the years.