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Around 100 people were involved in the renovation, and the center now has about 50 staff members. "We could keep the ball rolling with just half of them actually, but I want to help local employment," he said.

As Chinese healthcare reform continuously deepens and the business environment continues to improve, the Chinese government has introduced a series of measures to encourage innovation, improve quality and efficiency and strengthen the protection of intellectual property, which have created opportunities for all pharmaceutical companies and have boosted their confidence in investing in China, according to Zhou.

Around 300 guests, including Ma Xingrui, governor of Guangdong, and Fernando Chui Sai-on, chief executive of Macao SAR, attended the symposium.

Apple has shut one store in China and reduced hours at others because of less activity, Cook said. Third-party stores that sell Apple products are also facing some closures.

Apple CEO Tim Cook addresses the audience at the ongoing China Development Forum in Beijing on Saturday. [Photo by Zou Hong/China Daily]