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"But merely lowering the contributions is not enough from the longer term perspective. We should speed up the reform and the integration of social insurance systems," Dong said.

"CIIE offers a good opportunity for global companies to strengthen cooperation with China, and will bring about lots of opportunities for global companies," Tedjarati said, adding that Honeywell's connected supply chain solution, Connected Freight, has made its China debut at the expo.

"By monitoring oil pipelines, the satellites can raise an alarm and point out locations if anything like an oil leakage or theft occurs. They can also be used to monitor ocean shipping and other logistics," said Xie Tao, founder and CEO of Commsat.

"China Unicom is the biggest beneficiary of the mixed-ownership reform, as it could utilize cutting-edge technologies from internet giants, access more channels and potential customers, as well as enhance its telecom service quality through introducing new strategic investors," said Peter Liu, research director at consultancy Gartner Inc.

"By pregnant women participating in the race, it's an indication that the initiative is working," he said. "It's wonderful to see several foreigners supporting the initiative. We can learn from what they are doing in their home countries while others can learn from us and take it back home as best practices towards universal healthcare."