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"China does encourage more exchanges with foreign companies, and also it is very open for business. And that kind of spirit is something we DIHK of course very much support," Koenig added.
"But special (high-end) steel accounts for about 10 percent of China's total output, compared to around 20 percent in developed economies," said Yang Zhiyong, director of the Special Steel Institute under the Central Iron and Steel Research Institute Group.
"But we believe physical stores will still play an important role. Things will just become increasingly integrated.
"China has an intersection of craftsmanship and computer science, (which is) rarely found in other places. The country is a big market, but for us the No 1 attraction is the quality of people," Cook said at the ongoing 2017 Fortune Global Forum, which is being held in Guangzhou, capital of South China's Guangdong province.
"China has been consolidating debt management and has been very careful about conducting thorough analysis of every infrastructure project that involves loans from China," he said.
