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"China always highly values the opening-up of its service sector and the development of service trade," said Zhao Wen, a member of the Standing Committee of the Chinese People's Political Consultative Conference National Committee. "Digital trade has become a new trend of the country's service trade."

"China never aims to replace the US in the 10 industrially strategic technologies in 10 years. This is a misunderstanding and overestimation of our strength," Miao said.

"China is the leader in delivering products, services and applications that drive the internet of things. Cypress is leading in delivering intelligent, secure and connected solutions. Together, we can imagine and build the future we all want to see," he said.He made the remarks on Wednesday at a ceremony held in Beijing to celebrate the company's 20th anniversary in the Chinese market."Seeing China's rapid development during the past 20 years, we are now actively embracing IoT, smart connected vehicles and other emerging technologies,"El-Khoury said.With its new Made for China & Enable China strategy, the company will further increase spending on hiring talent and research and development, with the aim of meeting local clients' demand for localized, high-quality services.With more than 300 local employees, the Nasdaq-listed company has established branches in Beijing, Shanghai, Shenzhen in Guangdong province, Chengdu in Sichuan province and Hong Kong. The company has partnered with dozens of local companies, including Alibaba, Huawei and Xiaomi.

"By combining WorldFirst's award-winning currency account, international payments and currency exchange products with Ant Financial's range of financial technology solutions, we will advance our shared aims of building the best global platform for international trade and bring fast and affordable services to individuals, small and medium-sized businesses and online merchants around the world," Quin wrote.

"China is Apple's second most important market, after the US. China accounts for three in 10 of all smartphones sold worldwide, and it is a market Apple simply cannot ignore," Neil Mawston of Strategy Analytics told China Daily.