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"China will definitely be the largest economy in the world (in the future)," Oschmann said after the launch ceremony in Shanghai. "And this is not only based on China being so big and having such a (huge) population. It is also based on values and cultural elements in Chinese society."

"Culture plus high-tech" is the direction for the old factories' transformation, Liu said. For instance, E9 Zone, an innovation park in Chaoyang, has attracted 80 companies to locate there; half are in the cultural industry and more than 30 are science and technology companies.

"China's massive progress toward using more clean energy has been accelerating over the past few years, and this trend is unlikely to change in the short to medium term," said Joseph Jacobelli, an energy analyst and Asia-Pacific CEO of clean energy producer Joule Power.

"Chinese workers are often used to working overtime to get the job done quickly, whereas local workers are not," said Hu. "Our office sits next to MAZ's. We see its employees all leave work at 4:30 pm every day but we can't do the same."

"China's booming growth in international flights requires wide-body aircraft. The country spends a large amount of money buying planes from Boeing and Airbus," said Lin Zhijie, an aviation industry analyst and columnist at Carnoc, one of China's largest civil aviation web portals.