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"China is the world's biggest market for water heaters and this segment will be a cornerstone in Bosch's hot water business going forward," he said.

"China has seen fast progress in power supply development since reform and opening-up. Yet the time required for getting electricity and accessibility still fall short of expectations due to institutional issues and inefficiency in the system. Power supply is critical to industrialization and rural modernization," Li said.

"China has an enormous potential market and a fast-growing middle-income group," he said. "The country will further enhance opening-up to contribute to the world economy growth."

"CIIE is a messenger who can bring China and Cambodia governments together to jointly develop policies, bylaws and procurement plans, which encourage businessmen, traders and investors to get involved in creating more benefits and economic growth for both countries," he said.

"China is already the largest market for electrified vehicles, and the gap between China and Europe and especially the United States will increase in the next years," said Continental Chairman and CEO Elmar Degenhart.