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"Cooperation between the government and central SOEs has revitalized the local market, introduced new investment and promoted the establishment of modern corporate mechanisms. Meanwhile, the cooperation has facilitated the transformation of Guizhou's traditional industries, enhanced management levels of local companies and promoted high-quality economic development of Guizhou," Lei said.

"China's steel manufacturing infrastructure is the most advanced in the world. The small and unregulated steel mills, which are producing substandard steel with high pollution, should be eliminated," Li said.

"Competition will create new markets and provide more services. The participation of Chinese SOEs will inject vitality into international markets and result in more opportunities for cooperation with world-class international firms," he said.

"Chinese companies want to make that money, so they will buy an Italian brand and sell its products in China. Although overseas acquisitions have slowed down, the sentiment is still there, as long as you invest at the right price and at the right time," Indaimo said.

"Clearly the growth of China is significant for us," he said. "China is the No. 2 economy in the world, and a major trading partner, and we have closest proximity."