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"China Unicom is suffering from a brain drain. Teaming up with internet moguls can help rebuild it as an open and energetic company and boost employee confidence," he said.

"China has reduced tariffs to levels it had promised before joining the WTO, and the decline exceeded the previous targets," said Wei, now vice-president of the Beijing-based China Center for International Economic Exchanges.

"Cathay Pacific is fully committed to Hong Kong under the principle of 'one country, two systems' as enshrined in the Basic Law," he said, adding "we are confident that Hong Kong will have a great future."

"CSIC will no longer take orders that have no profit or may cause financial loss from the civil ship market and deploy more resources on producing high-end products such as deep-water semi-submersible drilling platforms, intelligent offshore ocean farming facilities, very large crude carriers and vehicle carriers," he said.

"China is on a rising path, and America welcomes the emergence of a strong and peaceful and prosperous China."