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"China already has extensive cooperation with other countries in fields that it plans to lead," he said. For example, China, Japan and the Republic of Korea have been studying weather and the water cycle on the Qinghai-Tibetan Plateau since 1996, according to the Institute of Tibetan Plateau Research.

"By now, the company has formed a global supply chain and manufacturing system. Based on our overseas business, we are actively promoting the localization of marketing and services, by establishing overseas subsidiaries in countries and regions like the United Arab Emirates, the Republic of South Africa, the United States and Mexico.

"By utilizing the latest digital technologies and applying the highest safety standards, the new Verbund site will be a role model for sustainable production contributing to the development of a circular economy in China," Brudermüller added.

"Certainly, it provides a great opportunity for investors to go to China and experience the dynamic and growing economy," he said.

"Canada's concentration of technology partners－both international and domestic, its outstanding network of universities and researchers and its welcoming immigration policies, particularly for skilled high-technology workers, make it our preferred North American platform for future growth," Li said.