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As Chinese healthcare reform continuously deepens and the business environment continues to improve, the Chinese government has introduced a series of measures to encourage innovation, improve quality and efficiency and strengthen the protection of intellectual property, which have created opportunities for all pharmaceutical companies and have boosted their confidence in investing in China, according to Zhou.

As Coca-Cola's third-largest market, China offers exciting opportunities and the firm has full confidence in the Chinese market, said James Quincey, president and chief executive officer of Coca-Cola.

Artificial intelligence (AI), cyber security, genetic engineering and quantum technologies, etc. are all viewed as main representative high technologies in the current new round of technological revolution. China is making great efforts and huge investment on the development of these high technologies, said Shechtman.

As Italy's Economy Minister Giovanni Tria expressed it in December at an Asia forum in Rome: "Italy must be actively involved in the process of (BRI) integration, not only to realize all possible advantages of participating in major infrastructural projects, but also in the longer term to maintain a strategic position in the trade routes of the BRI.

As Bolivia navigates the economic turbulence, China is viewed as having the potential to play a significant role in the development of new partnerships and projects across different sectors, including infrastructure, mining and finance.