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"China, over the past 10 years, has seen rapid growth in the IoT industry and the enterprises involved, but it hasn't gained an explosive momentum," said Ye Tianchun, director of the Institute of Microelectronics at the Chinese Academy of Sciences.
"China, for years and years and years, has built all the premium products for the world," said Friesen. "They know how to build good products."
"Chinese companies invest in Israel, funding Israeli technology, and find ways to make it global. I think the opportunities are endless," Uri Levin, CEO of Israel Discount Bank of New York, told Xinhua on the sidelines of the event.
"China's system selects very competent, best people in government," said the minister. "And over 35 years, it has uplifted more than 600 million people out of poverty. No country has done that in history, in 35 years."
"China's competitive advantage in attracting foreign investment has not changed,” Zong said, adding most global companies' confidence and strategy in investing in China have not changed too.
