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"Despite all their efforts to date, they have failed to find the convergence of their interests or common ground", Wang said, adding that each side has underplayed the other's desire for a deal. Both sides have latched onto their own demands and principles, which has blurred the prospects of the dialogue process and exacerbated their mistrust.

"Even though reform of the corporate system has entered the final stage, the task is still a hard one and requires a great deal of hard work from both government and companies," said Sun Ziyu, vice-president of China Communications Construction Corp, one of the country's largest providers of infrastructure projects by market share.

"European carmakers have done a terrific job in terms of gasoline vehicles, but we are leading in terms of new energy vehicles. That's why we are confident in our goal, although we are the visiting team," Zhao said.

"Efforts are needed from all parties, including the government, schools, medical institutions and especially students and their parents," he said.

"Despite its huge box office and a total of 800 films produced annually, the Chinese film industry still lags behind other major players, particularly Hollywood," wrote Professor Yin Hong of Tsinghua University, in a People's Daily article earlier this month. "Chinese films have earned much less international revenue than not only European and North American counterparts but also Asian ones such as in India, Japan and the Republic of Korea."