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"Compared with major crops such as rice, wheat and corn, soybean has much lower yields and requires more land, which is a major reason why it has not been promoted as extensively in China because of limited arable land," Han said.

"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.

"China was the good surprise of the past year with a sharp increase in our exports," said Jean-Daniel Pasche, president of the Swiss Watch Industry Federation, adding the market still presents a "strong potential for growth".

"Currently, Chinese people are ushering in an era of consumption upgrades that attached more importance to development and enjoyment, providing strong support to create a robust domestic market," said Wang Yun, director of the consumption office of the economics institute at the China Academy of Macroeconomic Research.

"China will be the world leader in AI by 2030," he said. As the trend of applying AI in real estate was strong, he said China is leading the way in real estate.