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"China's development needs to be coordinated with the world's, and the best solution is to continue carrying out bold reforms and opening-up."

"China's new direction, further reform and openness, will certainly bring more opportunities to Schneider Electric. The opportunity is mainly in areas including green city development, industrial automation and Internet Plus-related businesses," said Jean-Pascal Tricoire, Schneider Electric's chief executive officer.

"China remains the only one of the BRIC countries that after 17 years has actually done exactly what we had expected it would achieve," he said.

"Chinese companies must go upward if they want to see the long-term return after going through the winter of the market," he said.

"Chinese companies have been continuously increasing investment in Malaysia and actively deepening cooperation in areas like infrastructure and e-commerce. Meanwhile, the enthusiasm of Malaysian companies investing in China also continued to rise, with Malaysian enterprises expanding their presence in the commercial, manufacturing and other industries in China," the minister counselor said.