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"China is resorting to SOE mergers and acquisitions to create more global powerhouses with competitive edge and to further the supply-side structural reform," said Yu Xubo, president of COFCO Corp, the country's biggest agricultural products supplier by revenue.

"China Zhongwang's acquisition of shares of SilverYacht shows the company's decision to target high-value added aluminum products, to gain higher margins instead of some low-margin industrial products," said Zhu Yi, a Hong Kong-based analyst at Bloomberg Intelligence.

"Chengdu is further opening up to the outside world. I see great development potential in the city," said Jim Mullinax, the US consul-general in Chengdu, at the Chengdu Opening-up Conference.

"China and the EU should continue to focus on cross-border investment and two-way opening so as to build a fair, open environment and a mechanical framework for business," said Zhou Xiaochuan, former governor of China's central bank.

"But still, there are plenty of uncertainties, and fluctuations are very normal. I don't worry about the influences (on the renminbi value), but you need to manage the fluctuations. It requires more instruments to hedge risks," Daniel Schmand, chairman of the International Chamber of Commerce Banking Commission and head of trade finance at Deutsche Bank, told China Daily on Wednesday.