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"China is speeding up the transformation from industrialization to informatization. Intangible assets such as patents, trademarks, copyrights, business secrets and software are playing an increasingly important role, so intellectually property protection has become more significant," he said.

"China is entering a new stage of institutional and rule-based opening up, which is more advanced compared with the opening up of the market," said Zhang Monan, a research fellow of the China Center for International Economic Exchanges.

"China is a key focus of Bayer's partnering efforts and we are continuously looking for assets and health technologies to help address the significant unmet medical needs of patients," said Marianne De Backer, PhD, a member of the executive committee and head of Strategy and Business Development & Licensing, Pharmaceuticals Division of Bayer AG.

"China is a huge e-commerce market, with millions of parcels delivered every year. Our technologies can help express companies better distribute parcels when consumers are not at home," Hong said.

"China and the Philippines have more possibilities in the field of educational cooperation as they can complement each other. Holding such a forum is of great significance in promoting friendship between China and the Philippines, and bringing more benefits to the people of both countries as well," said Wang Yan, director from the Department of International Cooperation of the National Institute of Education Sciences.