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"Chinese providers are expected to differentiate themselves from apps in those emerging markets to succeed. Newcomers should also avoid countries and regions that are already dominated by others who reached there earlier," Dai said in an earlier interview.

"China's role in VR development has been on the rise－95 percent of the world's VR equipment is produced in China, and much VR content in app stores now comes from Chinese developers," said Graylin. HTC currently accounts for 35.7 percent of the global VR headset market and about 52 percent of the market in China.

"Corporations have the ability to shape human development as never before through strategic investments, corporate policies and dialogue with governments and civil society. And corporations have enhanced influence when people trust their brands, which is why brand trusting is very important," he said.

"China's economic might gives its government the leverage it needs to strike back decisively, including scaling back purchases of American products and subjecting well-known US companies with large Chinese operations to tax or antitrust probes," Bloomberg said.

"Clariant's development will be decided in Asia, especially in China. Innovation is an important carrier for China on its path to becoming better. And an MNC like Clariant, which has strong innovative resources, will continuously strengthen its local innovation capability for China's development."