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British fashion and furniture retailer Laura Ashley is to close 40 of its stores in the United Kingdom and expand its presence in China.

British companies and organizations attending the expo will be showcasing Britain's leadership and innovation in smart technology, which can bring a competitive advantage to the Chinese economy, Stuart said.

But Aaron Magenheim, founder of AgTech Insight, a Salinas, California-based ag-tech consultancy, said he wants to build a Chinese company and stay there for a long time.

Broadcom said on Monday that it plans to pay a share to acquire Qualcomm in the largest-ever takeover in technology sector. The offer represents a 28 percent premium over Qualcomm's closing price on Nov 2.

Bright Food Group comprises four listed companies, including the well-known Bright Dairy and Food Co Ltd. While securitization of State-owned assets has become a buzz phrase in SOE reform, Pan said the group has no plan to merge all its entities for a single listing. Increasing the rate of securitized core assets is the group's goal at present, he said.