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"CIIE provides an excellent opportunity for Markham to be showcased as the 'High-Tech Capital of Canada' and a preferred location for investment," said Tam.

"China is expected to become our most important market by 2025," said Heinricht, adding the company will start operations at a .14 million worth of pharmaceutical glass tubing plant soon in Jinyun county, Zhejiang province.

"China overtook Japan as the world's second-largest economy in 2010. It was only a matter of time before one of the Chinese financial centers overtook Tokyo," he said.

"China and Central and Eastern European countries play complementary roles to each other with massive potential for cooperation in the clean energy sector, including renewable energy power generation, smart grid technology, advanced nuclear power technology, clean use of fossil fuel and smart energy," he said.

"China is working to improve flexibility of the renminbi exchange rate while maintaining the rate at a stable equilibrium. And we have successfully avoided competitive depreciation against other major currencies," he said.