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"China's role has changed. Very early on, China's investments tended to be around infrastructure, ownership of a lot of natural resources. But in recent years, China's got a lot more involved in other areas, such as consumer goods, banking, logistics, obviously diversifying their approach in Africa and elsewhere across the emerging markets," Moyo told Xinhua in a recent phone interview.

"Continuous innovation is also needed, because the society is evolving at a very fast pace in China," Crozier said.

"Consumer habits have rapidly changed and internet-based industries and companies have expanded in recent years", he said, adding Epson sees a huge potential for growth in third- and fourth-tier cities of China.

"Confidence over domestic dairy brands among the public is recovering but still requires a solid foundation," Song said.

"Currently, some local governments are still illegally running into debt in disguised form, with the forms of debt becoming increasingly diversified and the risk growing," said a director of the finance department at the ministry.