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"Due to the higher order numbers brought by the B&R Initiative, we have moved from being a traditional ship manufacturer to a high-end and high-tech ship builder," he said.

"Despite seeing great investment opportunities, those companies are also facing challenges like a lack of knowledge about local laws and regulations," Xu added. "We called for a commercial service center that can provide Chinese companies with such information services in ASEAN countries."

"Deng could never have done what he did in 1978 without Mao. If you are asking me which was the greater achievement, it is no question that it was 1949," he said.

"Data could be the new essential productive factor, fundamental to strategic resources. China should explore new ways of achieving growth, to take advantage of data as a key element that can expand domestic demand," said Zhu Hongren, executive vice-chairman of the China Enterprise Confederation.

"Eventually, it's down to the airlines to decide whether or not to utilize the new traffic rights," he said. "If there is no demand, the airlines won't operate the route, otherwise they will lose money. Profitability is really the main concern."