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"Construction machinery sales typically peak in February, March and April, contributing almost 40 percent to 50 percent to the industry's annual revenue," he said. "We expect the growth rate will start to slow down in the third quarter to a normal level, as the effect of a low comparison base fades."

"Clearly it's a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.

"China would be more open to the world economy, through efforts such as hosting a China International Import Expo," he said, adding that China' s foreign trade will grow steadily and support 8 to 9 percent of the total economic growth.

"China-Singapore relations have maintained a good momentum of development, and I hope the institute will deepen the opening-up of China's education to the world, and contribute to Singapore's development as well as the future of all mankind," says Hong Xiaoyong, the Chinese ambassador in Singapore.

"Chinese CEOs have grown more positive about the prospects of the global economy and their respective industries," said Benny Liu (pictured), chairman of KPMG China. "This positive outlook comes at a time when China's significance in the global economy continues to increase."