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Because Philips employs around 77,000 employees across sales and services in more than 100 countries and regions, Jakobs stressed that China has always been a fairly important hub in its global operations, especially in economies related to the Belt and Road Initiative. The company's products made in China reach every country and region in the world.

Bahia is planning to build new comprehensive hospitals in the state, and it hopes to gain insight from China on the management of big hospitals, Costa said. 

Backed by internet giant Tencent, WM Motor was established in 2015. It has a plant capable of producing 200,000 vehicles in Wenzhou, Zhejiang province.

Bai Yunxia, a deputy director from the Qiaotou Community of Honghe Street at Yuanjiang Hani, Yi and Dai autonomous county, said her community of 3,347 people are hoping that the railway would start operations soon so as to make transportation more convenient and the local economy more prosperous.

Bao Anrong, who retired from the company's procurement division last year, still remembers the first batch of 100 Santanas that rolled off the production line in 1983. After the groundbreaking ceremony of the Sino-German joint venture, one of the top executives told him that soon there would be more cars on the roads than he could imagine and that he himself would be the proud owner of one.