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"China is being pressured from both sides," an unidentified MIIT official told Xinhua. "Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as India and Brazil are catching up with their own advantages."

"By coming here I discovered that the scope of the SXSW Film Festival is beyond what I expected. It is such a great platform to promote our films to the world. I will definitely share my experience and knowledge of SXSW with my peers. China needsto come to SXSW," Liu said.

"Car makers have strong capabilities in comprehensive manufacturing, with advantages in purchasing materials, production lines and output of technologies," said Cui.

"China came to Greece when nobody else would," Papakonstantinou said, referring to the large flow of Chinese investments to the country at the height of its economic crisis.

"China does not wish to see the further escalation of tension in the region," he said.