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"China has huge market potential for imported medicine, and the demand is growing fast for generic drugs, but pharmaceutical market competition is becoming increasingly fierce," he said.

"China is at the core of our strategy for future growth and our commitment in China is strong," Galjee told a media briefing during the eighth Clean Energy Ministerial in Beijing, the annual meeting of energy ministers and other high-level delegates from 24 member countries and the European Union.

"But we do not have star models and high-end brands competitive at the global level," Xu Chaoqian, an official at the Ministry of Science and Technology, said at a forum on automotive industry development earlier this year in Tianjin.

"China is the only country apart from the United States that can provide a stable social and economic environment for large capital and attractive returns. It will continue to be a country that global capital will look highly upon and beef up their presence there," said Jay Chen, managing partner of CVCapital, an emerging investment bank.

"China is committed to fostering an open world economy and upholding the WTO-centered multilateral trading regime," he said, stressing that China is committed to making globalization "more open, inclusive, balanced and beneficial to all."