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As the world's largest contract manufacturer, Foxconn acquired Japanese electronics maker Sharp Corp in 2016. Sharp is the only Foxconn subsidiary with experience of chip manufacturing. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010.

As the financial system continues to open up, PE firms plan to roll out financial products in the world's second largest economy.

As the country will implement city-specific policies to promote steady and healthy development of the real estate market this year, he said the application of new infrastructure solutions will become the "base" of industrial evolution for residential services, and assist the digital transformation of small and medium-sized enterprises.

As the country is encouraging families to have a second child, Guo Sheng, CEO of Zhaopin.com, suggested that governments should take on the majority of maternity costs, which are mostly shouldered by companies nowadays.

As the third CIIE draws near, Minerva Foods, a Brazil-headquartered leading beef producer and exporter, hopes to drum up more business and continue to expand its sales in the fast-growing Chinese market, Celia Sampaio, a director responsible for the multinational's beef exports, said in a recent interview with Xinhua.