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"By further reducing the burden of manufacturing enterprises, it will help promote the investment and development of the sector, and thus form a benign cycle. Tax cuts and fee reduction are an important measure to help lower the costs and they will help manufacturing companies to raise their product qualities," said Liu Xiangdong, an associate researcher at the economic research department of the China Center for International Economic Exchanges.

"China has reduced tariffs to levels it had promised before joining the WTO, and the decline exceeded the previous targets," said Wei, now vice-president of the Beijing-based China Center for International Economic Exchanges.

"China offers many lessons for Africa's development agenda. Beijing's legendary poverty reduction and social safety net that has seen China lift more than 740 million people out of extreme poverty is an enviable example that Africa should emulate," he said.

"CRRC has built a state-of-the-art passenger railcar manufacturing facility on the South Side of Chicago. It employs approximately 100 people, including well-paid union workers. CRRC expects to hire approximately 100 more workers in the coming year. At the end of the day, the reality is rather simple. CRRC is building passenger railcars in America, by Americans, for Americans."

"By making clear the responsibilities and investigation methods, the supervisory power of the country has been legalized, regulated and institutionalized," he said.