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As a milestone of FAW-VW's development in the new energy vehicle industry, its MEB plant in Foshan, South China's Guangdong province has been completely renovated. Scheduled to come into service this year, the Foshan plant has a capacity to produce 600,000 new energy vehicles per year.

As buildings account for a large amount of energy consumption globally, and an essential part of a city, he noted the intelligence of buildings and infrastructure facilities is the key to developing future smart cities.

As a pharmaceutical, chemical and life sciences conglomerate, it is always important for Merck Group to have clear and transparent pharmaceutical structures, and the Foreign Investment Law gives the company more transparency and a much more reliable framework, especially on intellectual property rights, said Merck executive board member Kai Beckmann.

As client demand rebounded, output and new orders both increased at the fastest rates for 10 years, which has led manufacturers to expand their workforce, the report said.

As a reflection of the change, a recent research of global leading brands showed Chinese brands are rising in value and becoming more household names throughout the world.