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"China's opening up makes it an important participant in the G20－a framework that is suggested to further discuss joint measures among members, in dealing with rising trade tensions and preventing global economic and financial vulnerabilities", said Zhu.

"China's national economic growth strategies, including urbanization, Belt and Road Initiative, clean energy and Internet plus, have provided tremendous opportunities for GE," said Duan.

"Computer vision technologies are being increasingly used in the security and surveillance sector. And its use in smart retail, such as face-recognition-enabled payments, is also very fast. China excels in applying cutting-edge technologies to daily consumption scenarios," Song added.

"China's annual receiving capacity of LNG has grown significantly in 2018 by 10 million tonnes," Zhang Jianhua, head of the National Energy Administration said, noting that the LNG industry of the country would get on a stronger footing for development with improving infrastructure and mechanisms, as well as a growing market.

"Chinese pharmaceutical companies lag behind multinationals in the chemical drugs sector, but it is a different story for biomedicine and innovative drugs R&D," Shi said.