As China's manufacturing industry matures, multinational companies are exploring the potential in higher quality, rather than simply high quantity manufacturing to drive the nation's growth.

Richard Clemmer, chief executive officer of Dutch semiconductor manufacturer NXP Semiconductors, said China continues to be an important country in the world relative to the growth of semiconductor technology and all electronics.

"When you think about the '2025' strategy or Industry 4.0, and all of the different areas, we've tried to summarize that or simplify that from an NXP viewpoint and we call it 'The Smarter World'," said Clemmer.

According to him, with the "Smarter World" strategy, the focus of the company is on being able to drive secure connections to make life easier, to make the way people do things in their daily lives much easier than it is, but also to make it safe and secure.

Clemmer expressed optimism about China's economy, saying that he "believes the opportunity in China will continue to be very significant and will continue to grow, and the overall economic development in China will continue".

- From ChinaDaily.com.cn