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"China is about 30 percent of the global market for semiconductors," Mike Russo, vice-president of SEMI, an advocacy group, told China Daily. "The industry as a whole and all nations involved benefit from access to markets. Companies re-invest profits in research and leverage new technology. Folks are jockeying for access — no one has sewn it up."

"But the health for my granddaughter is the most important thing and I must be strict in implementing the rules."

"Cancellation of the limit will attract more foreign banks, especially those that are small or medium-sized, which will enrich our market entities," Dong said.

"CIIE is a welcome sign that China continues to open up its economy to Canada, and Canadian exporters, traders and investors shall cherish the access to the massive Chinese market," said Shantz, adding that it is important for Canada to join with China in defending global trade and multilateralism.

"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.