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"Continued foreign and domestic investment in infrastructure development, such as roads and urban expansion, will be key for sustained economic growth in Africa and the Middle East over the next decade," said Zhao Ying, a researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences in Beijing.

"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.

"Chinese companies think bigger. One notable thing is that when doing business in China, we get direct feedback from companies and leverage those suggestions to improve our businesses worldwide," Kaniel said.

"Chinese consumers are shopping across seven different store types and we believe there are still opportunities for brick and mortar retailers," said Jason Yu, general manager of Kantar Worldpanel China. The key is how the retailers adjust to the changes in China and revise their store formats and accelerate digitalization.

"Chinese companies are very active in developing AI technology and application. They have achieved phenomenal progress in a very short span of time. Their contribution to AI will be tremendous," he said.