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"China, in many ways, actually has led smart city development, and even my hometown Singapore, which is technologically advanced, would like to learn from China.

"Creating a new chilled milk brand for Chinese consumers will enable them to upgrade their dairy consumption," said the statement, without elaborating on the details of the new product or the brand, nor the size of the investment.

"China should therefore step up transforming of its armed forces into a world-class military that is ready to fight and win wars as the country will never compromise on defending sovereignty," Wang said.

"Chinese brands will step further onto the global stage with their products, technology, management and investment, which will bring benefits to people across the world," he said.

"Chinese auto brands have made great strides thanks to improved quality and after-sales services, and sometimes they even outperform certain global names," he said, adding the future development trend of the auto industry should be the deep integration and collaborative innovation between traditional automakers and internet companies.