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"China hopes Norway will provide a fair, just and non-discriminatory business environment for Chinese enterprises' investment and operation in Norway," he said.

"China has aimed at science and technology innovation and added R&D investment for years, which aligns with S&T breakthroughs. However, there is no direct link between R&D investment and the increasing number of patent applications. China's great input－such as in aerospace and military industry－is hardly apparent in the patent numbers," Zhang said.

"China has been undergone tremendous transformations during the past 30 years," Ge said. "The world is evolving in a speed we could never imagine before."

"But the 0 billion valuation is undoubtedly too high even by the standards of Chinese companies' high price-to-earnings ratio. Xiaomi's market performance can by no means support that," Shen said. "Something between to 0 billion is more likely."

"China is further opening up its market to foreign investors by lifting entry barriers. We hope the expanded pilot program, laws and rules will further promote cross-border investment in transportation, education, healthcare, finance and professional services," said Gavin Guo, international partner of the Shanghai-based Kewei Law Firm.