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"Most of the technology involved is already in use in Europe. And the readiness of European business to invest in these sectors perfectly matches the need for further development in China."

Davide Cucino, president of the European Union Chamber of Commerce in China, saying European businesses are eager to contribute to the development of the recently announced seven strategic emerging industries, such as environmental protection and new-energy vehicles.

"We are as optimistic and bullish about China today as we were 24 to 36 months ago."

Kevin Thieneman

, the head of Caterpillar Inc in China. While the industry is slower this year, the company's long-term view for China is unchanged, he said.

"Any technology company that cannot react to the market fast enough will quickly die."

Wang Zhan

, vice-president of Baidu Inc, saying he believed that high-tech, especially the Internet field, is the most competitive industry in China. He was commenting on the fact that technology companies are starting to make their presence felt on Asia Fab 50, a list compiled by Forbes.com of the 50 best publicly traded companies in the Asia-Pacific region.

(China Daily 09/07/2012 page12)