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"Currently, about 120 Irish companies have contacts with China and I will bring the information to more Irish companies. Since Irish companies especially have advantages in food and pharmaceutical industries, I will mainly introduce the sector's latest reform opportunities to them in a bid to promote possible future cooperation," Lin said.

"Consumers can initiate a lawsuit against the two defendants if they want to get the compensation," he said. "The lawsuit procedures will be easier for individual consumers, because the facts of the case have been clear in the public-interest litigation."

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"Chinese customers are looking for healthy, vibrant, segmented and functional items when they choose their dining options," said Ling Jin, director of market development China ingredients at Fonterra China, adding the company has developed two indigenous, patented probiotics that can be used in future product co-creations.

"Chinese banks' capital adequacy ratio is higher than the international minimum standard by two to three percentage points, meaning there is enough ammunition to fend off risks," said CBRC official Xiao Yuanqi.