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Jacobelli said China's energy mix is updating with a particular focus on wind power, as the change means greater capacity investments in the nation's clean energy producers, including wind and nuclear power developers.

Jia is due back in Beijing soon, and he has been busy completing documents to renew the Urumqi railway port's license, which expires in August.

Jeff Liu, another panelist who is a CGCC director and CEO of Fuyao Group North America, said Chinese companies operating in the US must understand cultural differences to get the most out their workers.

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Jack Ma, founder and chairman of Alibaba Group Holding Ltd, said at the forum that "the Belt and Road Initiative is what China has for future. The world will admire you not because of the GDP number but what you do to contribute to the growth of other countries".

Jiang Mengnan attends a meeting at Jilin University in Changchun, Jilin province. [Photo/China Daily]

Jan Madeja, who is now heading Mercedes-Benz Russia, will take over as the sales chief in China, which became the brand's largest market in the world during Speeks' term.

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Japan's longest-serving prime minister added that it was "gut wrenching" to leave so many of his goals unfinished.

Jiang Weiming, president of DSM China, said the country has exerted a lot of effort to stay attractive to foreign companies and the Foreign Investment Law passed early in 2019 was the first law to systematically protect the rights and interests of foreign companies.

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Jia's efforts to establish a foothold in the US have already faltered. A proposed billion acquisition of California TV maker Vizio Inc was scrapped in April.

Japanese Prime Minister Shinzo Abe. [Photo/VCG]