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Bayer started trading with China over 130 years ago and established the first Bayer company in China over 100 years ago. In our long history with China, we have been steadfast in our commitment to participate in the Chinese market so that the Chinese people can have access to our innovative products and we can help to contribute to a better life in China.

Barcena also referred to technology, a sector which is booming in China, and called on countries to seek mutual benefits.

Baidu will continue to be the company's controlling shareholder upon completion of the offering.

Barnes & Noble opened the UK store in 2012 in an attempt to compete in Europe against Amazon and the web retailer’s Kindle e-book strategy. Indications are the effort was a bust.

Bagnasco said foreign companies in particular want to see improvements in other aspects of the business environment in China, not just tax cuts.