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"For new product launches in China, we are moving from 'intuition-driven readiness' to the employment of data that depicts the clear preferences of customers," said Kao, under whose leadership the group has seen nearly 30 percent of revenue generated through online channels.

"For example, almost 10 times faster than 4G, 5G supports more types of services and a wider range of applications. However, 5G may be a double-edged sword for security. On the one hand, intelligent monitoring will be achieved in the 5G era which will help improve the network security defense level. On the other hand, 5G may also bring new online risks, making it possible to see more cyberattacks," Wu said.

"Germany has shown great confidence in China's market potential and economic prospects," Shi said. "China admires Germany's high-tech industry and management experience."

"Foreign companies are inclined to invest in China's high-end and consumer-oriented manufacturing and service business, as they are gradually moving low-end factories and heavily polluting businesses to other emerging markets," said Daniel Starta, managing director for China of the US-based consulting firm AT Kearney.

"For foreigners, a two-bedroom apartment costs only about 5 million yuan. We can let it out at about 20,000 yuan per month, which is higher than the rent in China," Dong said.