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Collaboration between firms globally is vital for the success of the autonomous-driving industry, and governments should take an active role, say several key Chinese players in the sector.

Companies in garment, home textile, knitting, carpet and embroidery industries which usually employ plenty of workers are especially supported by the policies and investment, he said.

Competition in our industry is fierce and increasingly intense among both local and foreign companies. That said, I believe that competition is healthy in any industry. The primary beneficiary of true competition is the consumer and that is whom we should all exist for.

Concur: The Redmond maker of travel and entertainment expense management expanded its footprint in 2011, buying TripIt and London’s GlobalExpense. And CEO Steve Singh indicated that the investments would continue going into the new year, telling investors in November that great opportunities lie ahead. “In order to capitalize on the robust demand environment, we will significantly ramp our investments across the business,” Singh said. Certainly, a company to watch in 2012.

Company co-founder Albert Tse, who is also the husband of Jessica Rudd, the daughter of former Australian Prime Minister Kevin Rudd, told Fairfax media on Monday that Capilano had "super exciting" prospects in China and elsewhere in Asia.