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"China will play an active and vital role in prompting the development of the semiconductor display industry, which has a high entry threshold and needs high investment," Li said, while noting China has the best chance of making a breakthrough in this field and expressing confidence in the prospects of the high-tech industry.

"Cross-Straits relations have stalled this year because Tsai Ing-wen's administration has refused to recognize the 1992 Consensus, which embodies the one-China principle," Wu said. "But the mainland has released a series of policies that benefit Taiwan people, reflecting the fact that the mainland opposes 'Taiwan independence' in any form but is also focused on promoting well-being across the Straits."

"China's current brandy market is mainly dominated by foreign products," said Wang Qi, executive vice-chairman of CADA. Last year, China bought 24.4 million bottles of cognac, becoming the third-largest consumer of cognac in the world.

"Companies do this in a strategic manner. There is no sudden closing of plants in China and haphazard opening of other ones in new countries. Companies who do this, in fact, don't tend to close their China operations at all. It is all part of their long-term planning," he said.

"China's higher education institutions need to shoulder the responsibility of understanding other cultures. China needs to understand other countries' challenges from the perspective of their cultures," Feng said.