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"China is resorting to SOE mergers and acquisitions to create more global powerhouses with competitive edge and to further the supply-side structural reform," said Yu Xubo, president of COFCO Corp, the country's biggest agricultural products supplier by revenue.

"By leading through innovation, GSK CH is able to grasp opportunities and boldly engage in digital marketing and e-commerce to continuously enhance consumer-centricity and be much closer to our consumers through our e-commerce channels, such as Alibaba, JD.com, Yhd.com, and all major online drugstores, and associated activities in the digital space", said Speichert.

"China is our most important trade partner in Asia and fourth-largest trade partner globally. I believe this special year of cooperation can offer many interesting opportunities for Finnish and local companies as well their public sectors, leading up to the Beijing 2022 Winter Olympics and beyond." said Anne-Mari Virolainen, Finnish minister for foreign trade and development.

"By the end of last year, total assets of central SOEs amounted to 54.5 trillion yuan (.23 trillion), and their average debt ratio was 66.3 percent, down 0.4 percent on a yearly basis," he said.

"China first and the rest of the world next," Glaser said explaining the company's overall strategy. "The primary market for our new products is in China and then we will take it as a starting point to expand our businesses to other parts of the world."