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"But once the price went crazy, it's a matter of time before the market collapsed," said Liu.

"China is making a significant contribution to regional growth and development. Australia is committed to working with China to meet shared challenges and advance shared objectives regionally and globally," Ciobo said.

"China plans to further open up the financial sector, which really means a lot to global market players. I hope foreign investment managers like us will be allowed to manage China's public fund in five to 10 years," she said.

"By the end of 2020, each BRICS member is expected to set up a clear road map for promoting trade," said Ye Fujing, director of the Institute for International Economic Research, a think tank under the National Development and Reform Commission, the country's top economic planner. "As part of that effort, BRICS members will discuss establishing free trade zones during the upcoming summit."

"China becomes more self sufficient in chipmaking and it will make it difficult for western suppliers. That's the nature of business and competition. We think it's a good thing because it forces innovation on both sides of the ocean," Bingham said.