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"China's construction machinery producers are gradually losing their low-cost labor advantage and do not yet have the best technologies to lead the industry on a global scale. Chinese companies must act quickly to retain their domestic market lead," said Zhao of the IIE.
"Coupled with the Belt and Road Initiative, the Greater Bay Area development will ensure long-term prospects for Hong Kong's economy," she said, adding that through the two national policies, Hong Kong will enhance its role as a business bridge between the Chinese mainland and the rest of the world.
"China remains a key global growth stabilizer this year. Its second-quarter growth rebounded much faster than expected, led by production and construction, the highest across the globe," said Robin Xing, chief China economist at US investment bank Morgan Stanley.
"China's retail pharmacy industry is embracing huge and sustainable opportunities, which is in line with the country's medical system reform and efficiency improvements. This is also why we look highly on China's core healthcare industry strategy," said Frank Tang, chairman and CEO of FountainVest.
"China's tighter regulations provide tremendous opportunities for us, and we are well positioned to introduce our expertise and technologies to provide innovative solutions to meet stringent environmental standards in China," said Thomas Stanley, chief technology officer of Suez-Water Technologies& Solutions.
