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China has a huge market and is a leading manufacturer, while Israel is one of the leading nations in innovation. In recent years, the two nations have stepped up hi-tech cooperation, mainly focusing on information technology, life sciences and healthcare, cyber security, energy, advanced manufacturing and robotics.

China formally joined the IEC in 1957 and became a permanent member in 2011. It has submitted 186 international standards to the IEC, making contributions to the IEC international standardization governance and standards system improvement.

China has always been clear in what it is focused on and encouraged companies to help. I strongly believe companies have an important role to play in partnering and helping to improve people's lives. Yum China has created and implemented a series of signature corporate social responsibility programs to help with the government's poverty alleviation goals and priorities. Programs that are scalable and accessible to as many people as possible can make a real impact.

China has opened the door in areas such as credit rating services and has eased restrictions on allowing foreign banks underwriting government bonds.

China has made great efforts to upgrade its manufacturing industry into a more intelligent one. In 2015, the country put forward the "Made in China 2025" initiative, which seeks to transform itself from a manufacturing giant into a global high-tech manufacturing power.