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"For medical enterprises, innovative ability is key. Only when companies lay emphasis on research and development can they be competitive," said Chen.

"GM's unit in Turin, Italy, which has been specializing in diesel power, has shown great interest in our engine, and it wants to obtain our license to produce the engines in the United States," said Jin Pu, chief technology officer of Techrules, in a recent interview with China Daily.

"Growth of shadow banking assets will remain constrained in 2018 due to tight regulations. These include banks' off-balance sheet wealth management products and asset management products originated by non-bank financial institutions, which were the fastest-growing shadow banking products in 2015. Trust loans and entrusted loans, the remaining growth driver in 2017, are also under regulators' spotlight," said global credit ratings agency Moody's in its Quarterly China Shadow Banking Monitor report issued in May.

"For us from the ISSCAD, the friend who gave us the gentle push that has enabled us to reach this far is the people of this great nation of China and their love for fellow human beings, who in their time of success have never forgotten to lend a helping hand to other developing countries through the great leadership of President Xi Jinping."

"From January to June, the 12 free trade zones attracted 69.47 billion yuan in foreign investment, up 20.1 percent year-on-year, accounting for 14.5 percent of the nation's total," she said, adding the ranking of China's business environment in the world has climbed 50 places in the past six years since the free trade zones were set up.