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"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 each steamed rice in clay pot dish, we fix 300 grams of rice and 250 grams of vegetables," said Chang Le, one of Li's partners.

"For Great Wall Motor, the main battlefield is the global market," said the company's president Wang Fengying.

"For China to maintain healthy and stable development, the key is to keep deepening reforms, pushing further opening-up and encouraging innovation so that we can spark the enthusiasm of State-owned enterprises, private businesses and foreign companies and fully unleash the market potential," Xie said.

"Frankly, I don't really want Amazon to be here. Think about Silicon Valley — the housing price will increase significantly because of its presence, both for rental and for sale," she said.