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"Currently, Chinese companies are gaining a firm foothold in the high-end medical ultrasonic diagnostic instrument market, and accepted widely by users. The dominance by foreign enterprises results in high prices for the devices. The rise of domestics brands has brought prices down."

"China's economy has shown strong resilience for decades. This gives us full confidence that the impact of the epidemic on the economy is temporary and will not change the fundamentals of the nation's long-term economic growth," said Leon Wang, executive vice-president and international and China president of AstraZeneca.

"Connectivity is key to GM's vision of zero crashes and zero congestion because of its potential to improve safety and reduce congestion," said Matt Tsien, GM's executive vice-president and president of GM China.

"Currently, we are still collecting inquiries from our member companies," Chan said. "But we have already booked 150 square meters of area for exhibition for next year's event."

"China welcomes the fact that the relevant parties have then come back to the track of consultation in seeking a solution and reached consensus on a technical renewal of the mandate," he added.