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As domestic companies strengthen innovation, IPR protection and international cooperation with the ever-improving regulatory environment, they are catching up with foreign companies in the high-end market, she said.

As a result, China's retail sales, a key indicator of consumption, rose by 4.3 percent in October from the year-earlier month, and gained 3.3 percent from September. In another indication of economic recovery, industrial output increased by 6.9 percent year-on-year last month, according to the National Bureau of Statistics.

As a matter of fact, more and more US state governors are looking towards China for an international solution to local economic problems and unemployment, said Scott Pattison, executive director and CEO of US National Governors Association.

As emerging economies, Wang said these markets pose other challenges, including a limited capacity to conduct commercial, legal, financial and human resources diligence.

As alliance partners, Nissan and its affiliate Mitsubishi would benefit from an estimated 1 billion euros in annual savings from the merger, FCA added.