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Chinese banks have also demonstrated tremendous expertise in large infrastructure projects and the ability to fund such projects. They have a very innovative way of approaching emerging market risks because they understand emerging markets better than many other Western institutions, he said.

Chinese companies contributed the most to the growth in patent applications in digital communications, up almost 65 percent, compared with 15 percent by US companies and 36 percent by South Korea firms."The impressive development of patent applications over the past decade is testimony to China's increasing efforts in promoting research and development exemplifying its innovation-driven economy," Campinos said.

Chinese firms inked service outsourcing contracts worth about 374.39 billion yuan (.58 billion) during the first four months, down 6 percent year-on-year.

Chinese also accounts for the largest segment of ASU's 13,000 international students, who come from 135 countries and regions, a number that makes ASU the US public university with the most students from overseas, he says.

Chinese companies are looking to launch IPOs in the United States regardless of the ongoing trade tensions between the two countries.