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"China today is roughly where South Korea, Japan were when they began the period of rapid economic growth," he said. "There should be a substantial potential for further convergence."

"China will remain a must-win market for car brands in the foreseeable future," said Paul Gao, senior partner and head of McKinsey's automotive practice in Asia. "As Chinese consumers continue to become more sophisticated, automakers must reinvent their success formulas to surprise and delight them."

"China's economy is on a recovery track as before thanks to several stimulus packages from the Chinese government," Piao Renjin, an analyst at NH Investment & Securities in Seoul, told Xinhua.

"China's solid infrastructure construction and high attention from government authorities give the country capabilities to build a highway and develop related technologies quickly and efficiently," said Sheng Gang, chief engineer of the road design unit under the Ministry of Transport's Research Institute of Highway.

"China still has much room for improvement in power utilization and the government aims to control waste of renewable power to within a reasonable range in three years," Liu said.