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Creation and destruction are two sides of the same coin. So, the reshaping of competition within a country, the redistribution of individual economic interests, the restructuring of global governance rules, job change and unemployment, and the challenge on social ethics may all become the by-products of the new industrial revolution.

Cost reduction will help raise the vitality of the business sector and cut companies' financial burden by as much as 1 trillion yuan this year

Construction workers carry each new panel to the designated installation location — and they are heavy. "A piece of glass is nearly 150 kilograms, and it requires four to six people to move it," said Ge Zian, the construction director at the site.

Contact the writers at anbaijie@chinadaily.com.cn

Conte added that Italy has much to learn from China's economic development and rapid growth and noted that Italy could offer tips to China as well, about such things as its experiences in emphasizing quality of life and sustainable development.