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"Consumer goods account for only 15 percent of China's total trade volume, but in developed countries it's 30 to 40 percent," he said.

"China should roll out a strict law to protect data and seriously punish those who misuse data and violate others' privacy," Ren said.

"Chinese customers perceive high-tech as premium, so automakers have to invest more on in-car technologies to further enhance their brands," Deloitte Consulting (Shanghai) automotive industry partner Marco Hecker told China Daily in June.

"Collaboration is of mutual benefit to our company and the academic world," Gao said. "We offer business insight and data, while the schools provide cutting-edge research and expertise.

"China's approach is borne out of global responsibility and based upon a Chinese philosophy of self-interest that the world is safer and more secure if all nations prosper. Sharing is a byword for China's trading philosophy," Perry said.