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AstraZeneca's strong distribution network and scientific promotion expertise will provide great advantages for the Xuezhikang capsule not only in China but also abroad, as Chinese companies are currently not experienced at this, he said.

At a news conference after the meeting, Michael Corbat, CEO of Citigroup, said: "This is not a financial crisis. The banks and financial system are in strong shape and we are here to help."

At a high-level meeting in November, China proposed to strengthen innovation cooperation with CEE countries, with more energy to be put into industrial parks in capacity, energy, logistics, and agriculture.

Asked about the recipe for success, he said, "Simplicity is the ultimate sophistication ... As a professional PE firm, what we do is get a thorough understanding of companies and industries, so as to accurately grasp the new trends. In this way, we can gain trust and respect from investors, portfolio companies and rivals."

At least two people were killed by super typhoon Mangkhut as of 8:00 pm BJT (1200 GMT) Sunday, China Central Television reports.