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"China's demand for aluminum flat-rolled products will increase from the current level of about 10 percent of the global automotive aluminum market to 25 percent by 2025," noted Pierre Labat, vice-president of global automotive, Novelis.

"Chinese consumers are trading up to higher-quality products," Jeff Walters, BCG managing director and co-author of the report said. "Digital technology is one of the underlying drivers that will continue to spur purchases."

"Cooperation grants SMEs a shared future and gives each party more insight for business growth," said He, adding that their development will contribute to a global economic boom.

"China's R&D expenditure as a proportion of revenue from principal business by sector has increased continuously in the past decade. The Made in China 2025 plan will further stimulate innovation of Chinese companies," Yuan said.

"Chinese big data companies are continuously improving their users' information protection systems," Shen said, adding that tech companies should build firewalls internally to isolate direct links between user data collection departments and other operating departments.