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"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.

"China has more than 100 million market entities and about 1.4 billion people. There is a huge market behind the improvement in public livelihood and the upgrading of consumption," he said.

"China is opening a door in Latin America and the Caribbean that leads to progress in development, and provides opportunities for countries such as Mexico, Brazil and Argentina that need to diversify their economies," Mexican expert on international relations Ulises Granados told Xinhua News Agency.

"China is developing so fast and that is the biggest draw for them," Wang said.

"China has the potential to be our second-largest and even the largest market, given the sheer size of the personal care market, "Arya told China Daily in a recent interview. The company's China business is currently worth 1 billion yuan (5 million) and ranks third after India and Malaysia.