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"Compared with the developed countries, there's plenty of room to shorten the negative list," he added.

"Competition has become fierce," Wan said.

"China's overall economic situation is good from the perspective of historical development," Stoffels said, "so there is still a lot of potential in the automotive industry."

"China will take further steps to boost the country's international airfreight capacity in an effort to stabilize global supply chains," Sun said at a news conference on Thursday.

"China's 40 years of reform and opening up have brought unprecedented historical opportunities for enterprises to achieve innovation and development. Xylem, on the basis of China's national conditions, has seized the opportunity to expand business and achieve win-win progress with Chinese partners through cooperation," said Lv.