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"Can you imagine what the village will be like in three or five years?" he asked.

"China is a market with a population of 1.4 billion and 400 million middle-income earners, and there is a strong demand for consumption upgrade," said Wang Bin, an official at the Ministry of Commerce. "The domestic consumption market is full of potential and it is China's biggest advantage to maintain long-term stable development."

"China first and the rest of the world next," Glaser said explaining the company's overall strategy. "The primary market for our new products is in China and then we will take it as a starting point to expand our businesses to other parts of the world."

"China is getting a foothold in Latin America. It is using economic statecraft to pull the continent into its orbit," he said in a Feb 1 speech.

"China has become the largest trade partner for 25 of these countries," he said at a press conference.