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"Chinese carmakers at this moment do not possess a thorough understanding of the IoT, or wireless communication technologies, and vice-versa. Those IoT people don't understand auto manufacturing," Guo continued.

"Chinese companies face new situations while investing overseas, namely that global politics and economics have become more complex," said Wang Tingke, general manager of China Export and Credit Insurance Corporation, or Sinosure, China's State-funded policy-oriented insurance company.

"China's venture capital firms have already invested heavily in consumer-oriented businesses over the past 10 years. It's high time they better tap into opportunities brought by the enterprise market. And the investment in robotics technologies, such as a variety of sensors, can help fuel the emergence of 'little giants'," Ren said.

"China's Belt and Road Initiative will be a focus for discussion again this year, as the initiative is China's solution and wisdom for embracing globalization and to generate new growth opportunities for the global economy," Xu said.

"China-Nigeria relations are now at their best in history," he said, noting that the BRI would elevate the strategic partnership between the two countries to a new level.