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"China would always pursue development with its door open wide, build a new platform for international cooperation, inject new momentum for common development, and promote the building of an open world economy and a community with a shared and bright future for mankind," Zhang said.

"Chinese panel companies are developing rapidly in the flexible and foldable screens sector, but we still lag behind South Korean competitors in key technical talent, craftsmanship and product reliability," said Wang Jian, analyst at Beijing-based market researcher Sigmaintell Consulting.

"China still remains a hospital-driven market. So the most effective way to engage at the early stage is to focus on big cities and big hospitals, at the early stages of our market entry" Merizalde noted.

"Creating value rather than pursuing a larger scale has become the No 1 target of most Chinese companies," he said.

"Consumers nowadays have become increasingly sophisticated and therefore look for value before paying a premium price," Li said.