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"China's global role has evolved from a low-cost manufacturer in the late 1990s to the world's growth engine around 2010, and now an unarguably global innovation engine, especially in areas such as high-speed trains, electronics, large passenger jets and nuclear power technologies," he said.

"Countries succeed by having open systems, not closed borders," he said. "The US has long thrived through openness and diversity. China, of course, has conducted business and cultural exchanges with openness for thousands of years, as exemplified by the Silk Road.

"Chinese companies want to make that money, so they will buy an Italian brand and sell its products in China. Although overseas acquisitions have slowed down, the sentiment is still there, as long as you invest at the right price and at the right time," Indaimo said.

"China will have developed 130 new airports" to cope with the expansion, he said.

"China wants to become less dependent on the US and other Western suppliers," he said.