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"China is today, has been and will be extremely important for the future of the semiconductor industry," said Jimmy Goodrich, vice-president of global policy at the Semiconductor Industry Association.
"But my staff don't want to go there yet because they worry about their daily lives," said Cao. "They are concerned about public services in a new area at this early stage.
"Certain fees must be eliminated and for those that are retained, it should be clearly explained why they are being collected," he added.
"But now, things have changed. You need to climb to the top to be a winner. After five years of a quiet market, domestic as well as overseas demand is slowly pulling back this year. It poses a new challenge to XCMG."
"China now boasts over 2 million new-energy vehicles and holds more than 100 technical standards," Cang said. "We are in a good position to share our expertise and experience with the ASEAN nations and help them grow."
