China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.

Tech tycoons said technological advances will explode 10 times faster than the Internet boom in the 1990s.

Andhra Pradesh Chief Minister N Chandrababu Naidu will leave for Davos early on Tuesday to attend the World Economic Forum (WEF) as a special invitee at the annual meet that sees dozens of heads of state, corporate leaders and experts discuss a range of issues.