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"Chinese carmakers are going to complete the deployment process of Industry 4.0 in less than two years, while their German counterparts took five years," Hecker said in an interview on Thursday on the sideline of the forum.

"China's strong performance on the Midas List demonstrates that the country is continuing to produce a number of high-growth and highly-valued companies. While sometimes unknown in the US, these businesses can become globally significant, such as with Bytedance, the owner of popular app TikTok (known as Douyin in China), and they generate returns any venture capitalist would desire," added Konrad.

"Chinese immigration began in Brazil around 200 years ago, with official records showing the first group of people from China arriving in the country on August 15th," said Temer during Tuesday's signing ceremony. "China now is Brazil's largest trading partner and the two countries have seen extensive cooperation in many fields. We also cement our dialogue mechanism under the BRIC framework."

"Chinese dairy brands clearly recognize the importance of such a strategy, with Mengniu supporting this year's FIFA World Cup in Russia and Yili signing as the official sponsor of the Beijing 2022 Winter Olympics, having already served in this role during the 2008 Games."

"China will actively respond to various risks and challenges, try to reduce the losses due to the pandemic as much as possible and strive to achieve stable and healthy development of the industrial economy," he added.