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"China's fleet size is expected to grow at a pace well in excess of the global average, and almost 20 percent of global new airplane demand will be from airlines based in China."

"China's supply-side structural reform will lead to upgrades within industries, bringing improvement in efficiency and quality of companies," Tang said.

"China remains Egypt's first trade partner," Han noted.

"China's higher education has made a great leap, but it is still lagging behind in some basic research areas. There are still some breakthroughs to be made and some demands from society to be met," he said. "So we need to nurture more outstanding creative talent."

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.