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"China's process of urbanization will continue to demand natural resources and promote the integration of the two economies," he said.

"China's experience is that it has not copied any other country's development path and has not entirely followed European or US scholars' advice, especially their advice on financial sector, but that it has formed its own model of development, Cai said.

"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.

"China's semiconductor display industry has taken large steps forward in the past decade, changing the display industry's global competitive landscape. China has transformed into the world's largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"China used to be seen as the world's factory, but now it is seen as the world's market," Marie-Agnes Veve, head of Airbus Helicopters in China, said at CIIE. "It's a fast-growing market, and as such we see lots of opportunities here. Although we have been in China for 50 years and are currently the leader in the helicopter market, we want to continue to be the main actor here in the years to come."