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"Chinese customers perceive high-tech as premium, so automakers have to invest more on in-car technologies to further enhance their brands," Deloitte Consulting (Shanghai) automotive industry partner Marco Hecker told China Daily in June.

"Competition between countries is intensifying in strategic emerging industries such as semiconductors, telecommunications and supercomputers. Whoever seizes the market opportunity will have the first-mover advantage and gain large-scale profits," said Guo from the CASTD.

"China used to be seen as the world's factory, but now it is seen as the world's market," Marie-Agnes Veve, head of Airbus Helicopters in China, said at CIIE. "It's a fast-growing market, and as such we see lots of opportunities here. Although we have been in China for 50 years and are currently the leader in the helicopter market, we want to continue to be the main actor here in the years to come."

"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.

"Compared with normal milk, the digestion rate of goat milk infant formula is closer to that of breast milk. Goat milk formula also contains more protein, fat, minerals and vitamins," said Wang Junbo, a professor at the School of Public Health of Peking University.