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"China has one of the world's most abundant resources in application and in smart car networking, and we can do much more and much better in smart car making," He said. "We have accumulated experience, and we will invest more in research and development in this regard in the future."

"CATL will be a major supplier, securing capacity for the next generations of our EQ products in the years to come," he said.

"China is a key focus of Bayer's partnering efforts and we are continuously looking for assets and health technologies to help address the significant unmet medical needs of patients," said Marianne De Backer, PhD, a member of the executive committee and head of Strategy and Business Development & Licensing, Pharmaceuticals Division of Bayer AG.

"China is building an open economy. We welcome European countries to seize the opportunities to scale up investment in China and explore this huge market of 1.4 billion people," he said.

"China is going to play a much more profound role as we think about the next 50 years... There is a potential for us to do a lot together," Barton said at an economic policy forum last week organized by the University of Alberta's China Institute.