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"But not anymore," said Chua, adding that starting from 2015, the company has been offering more value-added products when doing business with its customers.

"CIIE is a significant move to support free trade," said Ren Hongbin, chairman of Sinomach.

"China has pumped capital in the developing and Arab countries and has opened its markets for the products of these countries," Gaballa said, adding the Belt and Road Initiative signals the seriousness of China for cooperation in trade, industry and investment.

"China is the world's largest consumer market. It is also the world's most diversified and inclusive market which gives platforms and opportunities to potential new brands like us. Chinese consumers chose products by its quality rather than how established in the market your company is," said Liu.

"China is being pressured from both sides," an unidentified MIIT official told Xinhua. "Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as India and Brazil are catching up with their own advantages."