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"Competent departments and local authorities need to carefully study how to prepare for effective projects. They should make accurate and meticulous calculations and take new measures to ensure that the investment will be cost-effective, and contribute to greater development and better livelihood," Li said.

"China should use this opportunity to continue its efforts to rebalance the economy away from exports and investment, and toward strengthening household income and demand."

"China started from a relatively low baseline at the beginning of the reform and opening up, but showed an extraordinary willingness to learn and adopt some of the best technologies of the time."

"Companies hungry for overseas deals should take in 'vitamins' rather than 'antibiotics'. This means doing their homework at the very start to nip any potential problems in the bud, instead of looking for a remedy when they encounter obstacles," said Wu Jianyong, a Beijing-based partner at accounting firm Grant Thornton.

"Currently, China's image in the public opinion of many foreign countries doesn't match its national strength as a non-negligible rising economic power. Chinese media can play a big role in correcting some countries' misperceptions of China and tell what's really going on in the country to the rest of the world in a timely and comprehensive approach," Zhao Qizheng, dean of the school of journalism at Renmin University of China, said during the forum at Shanghai International Studies University.