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"Fully intelligent and digitized, the plant sets a new benchmark for green and smart factories for Volkswagen Group China and the whole Chinese auto industry," Volkswagen said in a statement.

"Hayao's investment in GNC is a testament to the strength of our brand and the tremendous global opportunity ahead, including in China. By partnering with Hayao and pursuing plans to amend and extend our term loan facility, we enhance our capital structure and financial flexibility and establish a strong platform for growth in the Chinese market."

"Getting the information and designing products－that is a very difficult situation everywhere," said Jonathan Morduch, a professor of public policy and economics at the Wagner Graduate School of Public Service at New York University.

"For the rest of the world, China can play a role in relaunching the world economy," said O'Leary.

"For years, the United States has been seen as the impeccable frontrunner for a big bang coming in the healthcare sector, in terms of money invested in digital healthcare, as well as the number of groundbreaking startups," said Sigal Atzmon, president of Medix Group, an international company that offers medical case management.