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"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.

"Currently, we are preparing to apply for more airworthiness certifications from the US and Europe, as well as in other nations and regions. Meantime, we will also apply for approvals of the world's major aircraft makers for original installation in aircraft of Airbus, Boeing and COMAC (Commercial Aircraft Corporation of China)," said Sheng.

"China will definitely be the largest economy in the world (in the future)," Oschmann said after the launch ceremony in Shanghai. "And this is not only based on China being so big and having such a (huge) population. It is also based on values and cultural elements in Chinese society."

"Consumption has been playing a bigger role in China's economic development while the country is undergoing economic restructuring. The trading hub will cater to the demand of increasingly sophisticated Chinese consumers. It is our hope that we can build the trading hub as the ideal venue for companies to launch new products and into a most influential distribution center for imports and exports,"Zhang said.

"Currently, Africa mostly trades in raw materials with China, for instance, and imports of manufactured goods from Beijing, thus since the AfCFTA's developmental approach is solidly grounded in Africa's political economy realities and development challenges, then increased local trade would boost the continent's export power and diversification," he said.