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"China is today our biggest emerging market with a potential for growth that is already materializing year after year. It is a market that is opening up to our products and in which we have placed many hopes of future growth," he said shortly after the opening of the 20th Habanos Festival on Monday.

"China is one of the top three markets for Air Liquide, with its contribution to the group in terms of revenue increasing for the past few years," the executive said.

"China plans to further open up the financial sector, which really means a lot to global market players. I hope foreign investment managers like us will be allowed to manage China's public fund in five to 10 years," she said.

"China is one of our top-priority markets with product launches and potential growth," Saroukos said, adding that the company, which ranked 16th among multinational pharmaceutical companies in China, currently has a window of opportunity due to government healthcare reforms.

"China has a population of 1.4 billion, with 4 million new cancer cases arising annually, but around 90 percent of innovative and patented cancer drugs in China are imported, and highly-priced," he said.