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"China has committed significant reform to its pharmaceutical regulatory review and approval process, protections of intellectual property and timely, predictable and transparent government reimbursement for innovative medicines, and I look forward to discussing ways the global biopharmaceutical industry can work collaboratively to help China realize these historic goals," he said.

"China is in the process of further opening up its services sector. The US risks losing the whole Chinese market if it pushes too hard," said Yu Miaojie, deputy director of the National School of Development at Peking University.

"China has embraced the world with open arms, made a significant contribution to promoting international trade and increasing global wellbeing, and become a key anchor and driver for the world economy," says the white paper.

"China has the capacity to emerge as the largest importer of avocados due to its huge population," Tito said.

"China is too big to ignore," Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo. "Now when it's opening again, Norwegian seafood has an exciting future in China."