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"China has strong internet presence with well-known players such as Baidu, Alibaba and Tencent. In comparison, Singaporean companies excel in business-to-business technologies, and have good solutions in finance, transportation and logistics," Tan said on the sidelines of the ongoing 2018 Smart China Expo, one of the largest information communication technology events the Chinese government has organized.

"But textbooks I read noted that Japanese archery originated from rites developed in the Zhou Dynasties (c.11th century-256 BC), so I thought 'why not revive traditional Chinese archery as well?'"

"China has never resorted to competitive devaluation," said Sheng, deputy head of Shanghai-based CEIBS Lujiazui Institute of International Finance. "The market plays the main role in determining the exchange rate of the RMB."

"CGN's experience and financing capability and capacity means the company should be able to lock in one or more overseas deals in the next few quarters, despite the fact that whether the company can nail more deals in Eastern Europe is difficult to say at this stage because of the complex nature," said Jacobelli.

"China is a very important market for Saint-Gobain. It currently represents 4 to 5 percent of Saint-Gobain's global sales, which is still a small percentage compared to the importance of the Chinese economy in the world," said Javier Gimeno, chief executive officer of the company's Asia-Pacific operations.