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"China is entering into a new era, and it is one that is epitomized by both confidence and sophistication. It is also one based on knowledge, innovation and a strong will to drive critical global governance and leadership issues," he said.

"By now, the company has formed a global supply chain and manufacturing system. Based on our overseas business, we are actively promoting the localization of marketing and services, by establishing overseas subsidiaries in countries and regions like the United Arab Emirates, the Republic of South Africa, the United States and Mexico.

"China is ready to work with countries where projects are based to prevent environmental problems through effective measures," he said.

"China only needs 6.3 percent year-on-year growth to achieve its target of doubling GDP by the end of 2020 from a decade earlier as scheduled," he said. In the 2020s, China's economic output is likely to grow at moderate pace, by around 5 to 6 percent year-on-year, according to Liu.

"But life can't be about solving one miserable problem after another, we need things that inspire you, that's why we did this," Musk told the audience, referring to his recent Space X rocket launch.