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"China is the third-largest pet-owning country in the world, and China's pet industry is growing rapidly," said Christoph Vetten, head of Bayer Animal Health Greater China, during the launch of its flea and tick collar product Seresto in Beijing in March.

"But those who survive will be very excellent, just like the survivors in the mobile phone sector."

"China is working to improve flexibility of the renminbi exchange rate while maintaining the rate at a stable equilibrium. And we have successfully avoided competitive depreciation against other major currencies," he said.

"China ... has an extraordinary market. If a company wants to be a global player, it has to go to China. Apex's role is to facilitate these ventures," the trade expert said.

"China is a massive country with lots of famous natural and historical sites to visit," he said. "It's also a nation that is changing rapidly and has an ever-increasing role to play in the world, so that's why I wanted to visit."