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"Considering a project this big, the investment is intensive and the payoff period is too long, which could introduce many uncertainties to its development," she said.

"Compared to those sold in brick and mortar stores, each mini excavator only costs about 50,000 yuan, less than half the giant ones. I don't know how to drive an excavator, but the worker who helped dismantle the latrines said it worked perfectly," Wang said.

"China will continue to be the world's factory because nothing else comes even close," said Peter Sand, chief shipping analyst at industry trade body BIMCO, in a story by Wall Street Journal on May 1, citing China's "massive logistics ecosystem" as an indispensable advantage.

"Chinese companies invest in Israel, funding Israeli technology, and find ways to make it global. I think the opportunities are endless," Uri Levin, CEO of Israel Discount Bank of New York, told Xinhua on the sidelines of the event.

"Considering the high proportion of small businesses from the Chinese mainland that sell online and utilize other digital technologies, there are opportunities for reputable financial institutions to apply financial technologies and big data analysis to make it easier for small business to access finance," Chan added.