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China has the world's leading system integration companies in mobile phones, 5G communications, security and other areas. They traditionally tend to cooperate with European and US suppliers. But as the US government moves to impose export controls on Chinese technology firms, they have begun to feel the urgency of working with domestic semiconductor companies, Huang said.

China is "optimistic" about meeting the goal of stably attracting foreign investment in the mainland through the year, as the January-October figures were sound, the Ministry of Commerce said.

China is the world's second-largest pharmaceuticals market, and it is forecast to grow from 8 billion in 2015 to 7 billion by 2020, representing an annual growth rate of 9.1 percent, according to the 2016 Top Markets Report Pharmaceuticals (Country Case Study), released by the United States' International Trade Administration in 2016.

China has shown a strong desire to further open up and the intent of policy improvement is expected to follow through in execution, said Piyush Gupta, CEO of DBS Group.

China is the world's largest piano market with roughly 30 million amateur piano learners, according to the Chinese Musicians' Association.