Kai Beckmann, a member of the executive board, CEO of Performance Materials, Merck KGaA. [Photo provided to chinadaily.com.cn]

Beckmann believes globalization and free trade are the essence and the fuel of a company that is truly global, and the 350-year-old company is very strongly committed to it.

"Every attempt to improve free trade is highly appreciated by us," he said.

As a long-term resident in China, Gabor has experienced part of the 40 years of reform and opening up, and believes the changes that have occurred in China over the years are really dramatic in terms of improving the quality of life and healthcare.

"The economic status of the average Chinese person has improved dramatically…Things have moved in a very good way," he added.

Gabor said China for Merck is not only a big market, but serves to influence the company's global strategies. Merck China's business has become the second-largest for Merck globally, and the company aims to double its business in China in the next five years.

"The technology trends that are emerging from China are shaping global trends," he added.