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"Companies hungry for overseas deals should take in 'vitamins' rather than 'antibiotics'. This means doing their homework at the very start to nip any potential problems in the bud, instead of looking for a remedy when they encounter obstacles," said Wu Jianyong, a Beijing-based partner at accounting firm Grant Thornton.

"China's most important growth industries can benefit enormously from innovations in chemistry. Thanks to continuous investment in research and development over the past several years, we are able to support our customers in China and the entire Asia-Pacific as they strive to improve consumers' quality of life, address the challenges of rapid development and meet their sustainability goals," said Stephan Kothrade, president functions Asia-Pacific, president and chairman Greater China, BASF.

"Chinese breweries' growing international reputation has allowed us to more easily win trust from international customers by telling them we already supply leading Chinese breweries," said He Sheng, general manager of Central International Machinery, which has been exporting to overseas markets since 2006.

"China's sound economic fundamentals for long-term and high-quality growth remain unchanged despite the epidemic," he said.

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, denying that China forces foreign companies to transfer their technology prior to investing in China.