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"CIIE is a gateway for international companies to develop business in China," said Richard Hausmann, president and CEO of Elekta, a manufacturer of radio surgery and related cancer-care equipment in Stockholm, Sweden.

"China offered a model of recovery, stabilization and then growth," David Weinberg, CEO of Skechers USA Inc, told analysts on an earning call. Overall, the sneaker company's quarterly sales dropped 42 percent from a year earlier but were bolstered in part by 11.5 percent growth in China.

"By holding the summit, we are expecting to boost the development of Qinghai and its neighboring areas, and promote the implementation of the country's strategy of developing the west," said Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, organizer of the summit.

"By September this year, China had nearly 1.12 billion monthly active mobile internet users, which is close to saturation point," said Wang Gaofei, chief executive officer of Weibo.

"Changing terminals and services requires high costs, a long time and a complicated process, thus those companies that take the lead in winning the recognition of users first will get a huge advantage," he said.