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China is one of the top priorities for businesses around the world, in both mature and emerging markets. Whether it is around accessing Chinese consumers, sourcing from Chinese suppliers, collaborating with Chinese partners or competing with Chinese companies, a "strategy for China" is critical in many boardroom discussions. For many companies, China is a huge opportunity. Of course, there are also those for whom competition from China is a threat－but in a global ecosystem, China is undeniably an increasingly critical component.

China has seen booming industrial application of IoT, said the report. Large-scale IoT testing has gradually been conducted in fields such as transportation, logistics, environmental protection, healthcare, security and electricity. Smart cities, the industrial IoT, internet of vehicles and the smart home have emerged as the major four market segments.

China is a huge market with tremendous potential opportunities and the second China International Import Expo provides a wonderful chance to tap the market, Halli Thorkelsson, CEO of Eimverk Distillery, an Icelandic whiskey manufacturer, said.

China has seen marked progress in its transportation infrastructure over the last 70 years, starting almost from scratch, according to Ma Yanjun, researcher at the Transport Planning and Research Institute under the Ministry of Transport.

China is restructuring Bank of Jinzhou, a troubled city commercial lender, by introducing new investors to deal with its nonperforming loans, improve corporate governance, and prevent the triggering of systemic risk.