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"China started from a relatively low baseline at the beginning of the reform and opening up, but showed an extraordinary willingness to learn and adopt some of the best technologies of the time."

"China's steel output rose this year as downstream demand from infrastructure construction picked up on government's investments, boosting inbound shipments of iron ore," she said.

"China's competitive advantages are significant with the country's high-speed rail technology having proven that it can stand the test of various climates ranging from alpine to tropical conditions," said Zheng Changhong, former deputy chairman of CRRC.

"Chinese companies like China Gezhouba Group and China Petroleum and Chemical Corp, the country's biggest geothermal developer, have accumulated investment knowledge from their projects overseas during the past few years, and they have the strength to help Latin American countries to improve local construction," he said.

"Chinese companies are capable of making most aircraft components, but are less competitive due to higher costs and the design and quality can't catch up," Shanghai Securities Journal quoted an unidentified senior aircraft engineer as saying.