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"Compared with Western markets, the standardization of China's movie industry is still in its infancy. But digitalization is fueling fresh momentum and can help us narrow the gap sooner," he said.

"Cloud computing is the engine of digitalization," said Chen, adding that the company has been committed to independent research and development with a global perspective. "Only with core technology can we have core competence."

"China's music industry is rising and growing, especially TV talent shows," said Zhang Man, producer of the Duets China (Zui Mei He Sheng) at one panel discussion.

"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, ruling out that China forces foreign companies to transfer their technology when considering investments in China.