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"China has developed rapidly in the age of globalization and CRRC has become the largest high-speed train maker in the world," he said.

"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."

"CPI growth is expected to further decline in the coming months as food prices stabilize, with a narrower rise in pork prices," said Liu Xuezhi, a senior researcher at the Bank of Communications' Financial Research Center.

"China is a huge market and its demand is enormous. We need a reliable and experienced local partner, jointly paving the way to enter the Chinese market," Sincer said.

"But now our challenge is to make correct decisions for future competition, but you never know what your decisions made today may mean three or five years later," he said.