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"China has become one of our most important markets around the world, and we attach great importance to our development in China. Although the Chinese economy is relatively slowing down, it is still a fast-growing market worldwide," said Howard Ozawa, executive vice-president of Canon.

"China is at a new historic juncture," said Liu, "China's main task now is to address the imbalances and inadequacies in our development in order to meet the people's ever-growing needs for a better life. This will determine what policies and strategies China will adopt."

"But the damage of today's shock could be more profound, long-term -- and above all irreparable," he added. "I believe America needs partners ... But America can only recognize such a partnership if it sees the 'West' as more than a point of the compass and in the world more than a boxing ring in which everyone fights everyone."

"China is important not just because of the size of its economy and the huge purchasing power and investments overseas, but also because it is a role model and can give encouragement to neighboring countries, particularly in Central Asia, through a variety of opportunities," Graham said. "Because of this leadership role and responsibility, China's words and actions will be listened to more carefully and scrutinized more carefully."

"China is fast moving," he said. "It is an innovative place. And when you are making an innovative company, you want to be part of an innovative environment. It's like an ecosystem.