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"Chinese companies used to focus on generics, but now they have been building up R&D capabilities and many invest generously in innovative drugs."

"China's higher education has made a great leap, but it is still lagging behind in some basic research areas. There are still some breakthroughs to be made and some demands from society to be met," he said. "So we need to nurture more outstanding creative talent."

"Competitive design and technologies are just the beginning," Dubroeucq said. "The major challenge stays to win market trust from their safe, reliable and efficient operation."

"Consumption now contributes more than half of China's economic growth, and the domestic market is growing faster than that of many developed economies," he said.

"China's economic data for July showed that the recovery remains unbalanced and reliant on extraordinary policy support," said Shaun Roache, Asia-Pacific chief economist at S&P Global Ratings. "The central bank wishes to lower borrowing costs while guarding against financial risks, and it is trying by developing tools that increase access to credit for the real economy, especially small and medium-sized enterprises."