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He said the company has also been working on improving electricity services in the country, including power efficiency and process of power access to further improve the business environment.

He was buoyant about CCCC's quality and efficiency, saying he hopes the water will benefit more people and transform their lives.

He said, however, that China has been slow in extending the system to the growing amounts of other waste with high recycling costs and potential to pollute. Though the central government had planned to include another three types of waste last year, including motor vehicles, lead-acid batteries and paper-based composite packaging, no detailed policy has been published so that the subsidy could be put into practice.

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He said the US should stop playing a zero-sum game, respect China's internal affairs and concentrate more on its own domestic problems.

He stressed continued risk control to ensure healthy and orderly growth of outbound investment.

He started by finding a business partner in Cambodia. Next, a joint venture－Phnom Penh Wire and Cable Electric Co Ltd－ensued, which started production in January. Li expects sales revenue of million to million this year.

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He then gradually became involved in research on relevant vaccines.

He said the Hong Kong stock exchange has also amended its rules to allow companies with dual-class shareholding structures to apply for IPOs, an indication of its determination to attract unicorn companies.

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He said there is a need for each country to establish an institutional and organizational framework that structures, coordinates and monitors external debts.

He said the new law would provide foreign investors and companies, including Cargill, with a more solid guarantee of the protection of their legitimate rights and interests. “It will encourage Cargill to invest more in China,” Ma said.