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"Chinese companies need to target strong, not troubled, companies. Sometimes, Chinese companies acquire French firms that are in serious trouble. It's almost impossible for Chinese managers in China, which is so far away from France, to fix the problems.

"Chinese manufacturers were often regarded as resource-intensive or labor intensive ones, but lack of competitiveness in high-tech products. As one of the stated-owned enterprise, we felt obliged to change the stereotype of Chinese manufactures and try to compete with foreign companies in some high-tech areas," said Wang.

"China's successful exploration and practices in reform and opening up have offered a new choice for humanity as the world is at a crossroad for development," said Chi Fulin, head of the Hainan-based China Institute for Reform and Development.

"China's foreign trade continued to stabilize and improve in the first four months this year and the trend will continue through the year," said Gao Feng, the MOC spokesperson.

"Compared with livestreaming e-commerce, the threshold of information and knowledge-based livestreaming is relatively high, so the programs launched by Baidu to cultivate and support high-quality content creators are of great significance," Ma said.