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"China used to lag behind those developed countries in terms of participating in the global competition (for infrastructure projects). And now we need to ramp up the efforts to target overseas markets and learn from leading countries."

"Competition has also risen, as new drugs have a limited window of opportunity to be profitable before an enhanced and more improved version of the same product is introduced by a competitor," Feldman said.

"Cloud platform" refers to a new type of automated manufacturing that combines advanced machines with internet-connected sensors and big data analytics.

"Co-branding is just the first step for sustainable development of Chinese toy companies and it is more important for them to have their own brands in international markets."

"Cooperation between government and social capital will be put on the priority list," he added.