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As China is granting national treatment to foreign investment in a more comprehensive manner, many systems should be stipulated by other laws and regulations that are applicable to both home and foreign investment alike, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

Around 70 percent of the applications, both globally and from China, are rejected because they fail to meet the five criteria set by the company, including "measurable", "breakable" and "standardizable". Only 5 percent manage to break a record or become a record-holder.

As China leads the world in internet of things development and adoption, companies here encounter greater motivation to adapt and stay competitive in a market characterized by particularly high-paced advancement, according to a report from the global consultancy firm PwC.

As China has been pushing green development, it has plenty of experience in energy transition in fields including green finance and technology transfers, which can be shared through the BRI, Zou said.

Around 41 percent of antitrust cases investigated by the former State Administration for Industry and Commerce involved State-owned enterprises, with foreign-funded ones only accounting for about 10.7 percent, Wu said at a news briefing.