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"DME owns over 80 percent of the market share in craft beer equipment manufacturing in North America and is a company with high reputation," said Yang. "CIMC Enric, despite its former acquisitions in global beer equipment business, lacks market presence in North America."

"Dual circulation" underlines the need to give full play to the country's hyper-sized domestic market, in order to inject new impetus into the Chinese economy through enhanced domestic circulation. But, it also requires unwavering opening-up to make better use of resources and domestic and overseas markets, Ma said.

"DuPont is thrilled about the fact that China has been encouraging domestic companies to create more high added-value in their product lines, as well as promote sustainable development," said Dembek, who is also the group's senior vice-president, noting the nation's demand for high-end materials therefore will remain attractive for global players.

"Electric vehicle innovation is coming from China, and Aiways is one of the leading companies there," Okuyama said. "The U5 SUV boasts one of the most compact electric power trains in the business."

"Different from the existing high-speed railway lines in the province - such as the Harbin-Dalian and Harbin-Qiqihar lines - the Harbin-Jiamusi high-speed railway is built through a mountainous area, which brings some difficulties for operating trains," said Yu Hailian, assistant engineer at the group's locomotive depot. "There are more curves, bridges and tunnels on the line."