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"Developers' prudent attitude toward land is because of slower sales as well as policy tightening relating to conventional financing channels since the second quarter," said Xie Chen, head of research with CBRE China.

"Despite the strong demographic growth and the expected doubling of the African population within the next few years, we need to bear in mind that population density is quite low and it comes with a set of challenges in terms of development. We therefore need to find infrastructure development frameworks that are adaptable for economic, general and specific industrial development," he says.

"E-commerce is helping rural people to join the digital economy, and some of them even have started their own businesses online," she said.

"Every time the China-US trade relationship goes wrong, it is the business community and ordinary people who bear the brunt," said Zhang Ping, Chinese consul general in Los Angeles, speaking at the International Cooperation Day Forum.

"Even if the economy slows a bit in the second half, it is almost a certain thing that China will achieve its annual target of 6.5 percent," he said.