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"China first and the rest of the world next," Glaser said explaining the company's overall strategy. "The primary market for our new products is in China and then we will take it as a starting point to expand our businesses to other parts of the world."

"China is a huge market for rabies vaccines, and many manufacturers tap into the market," he said. "Not all producers hold themselves to high standards."

"China has managed to dramatically cut poverty levels in a short period of time than any other country in the world in human history," the former president of the African Development Bank said on the sidelines of the annual Ibrahim Governance Weekend.

"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."

"By turning non-negotiable banker's acceptances into active BAs for payment, CZBank minimized our company's needs for private financing, thus reducing our debt ratio and financial leverage," said Cai Xiaofang, finance director of SPC.