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"For many years, we have had a range of dedicated innovations in China that we do not sell in other markets. We are working on artificial intelligence-enabled personal health solutions for products such as oral care, air and sleep innovations, as well as nutrition and mother and child care," he said.

"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."

"Giant pandas love bamboo partly because it is everywhere in their habitats, and they have few competitors," said Zhang Wenping, the first author of the research paper and a researcher at the Chengdu Research Base of Giant Panda Breeding in Sichuan province.

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."

"For Mercedes overall, China is a very important market,'' Dietmar Exler, Mercedes-Benz CEO USA, told China Daily. "We always take our Chinese as well as our American and European customers into account when we design new vehicles.''