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"By providing authentic and firsthand information on unmarketable products, we want to make full use of data analytics of e-commerce platforms and help tap demand in a more efficient manner," said Zhang Xinyou, a botanist and academician on Alibaba's expert team.

"China is the leader in delivering products, services and applications that drive the internet of things. Cypress is leading in delivering intelligent, secure and connected solutions. Together, we can imagine and build the future we all want to see," he said.He made the remarks on Wednesday at a ceremony held in Beijing to celebrate the company's 20th anniversary in the Chinese market."Seeing China's rapid development during the past 20 years, we are now actively embracing IoT, smart connected vehicles and other emerging technologies,"El-Khoury said.With its new Made for China & Enable China strategy, the company will further increase spending on hiring talent and research and development, with the aim of meeting local clients' demand for localized, high-quality services.With more than 300 local employees, the Nasdaq-listed company has established branches in Beijing, Shanghai, Shenzhen in Guangdong province, Chengdu in Sichuan province and Hong Kong. The company has partnered with dozens of local companies, including Alibaba, Huawei and Xiaomi.

"China is a gold mine for innovation and technologies and has large markets for robotics," he said. "With the supportive policies, abundant resources provided by both the government and the companies and more forms of cooperation, China will catch up within a few years and then overtake other developed countries to take the top spot in many fields of robotics."

"China and the EU will then stand stronger in our endeavor of keeping the world economy as open as possible," said Van Rompuy.

"China has created in the past 20 years many potential advantages, and it is starting to use some of them. But I think it can use those advantages much more quickly and strongly, particularly in the energy sector. China is in a good place to put these advantages to work," he said.