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"China is now the second-largest market of Emerson," said Hakan Erdamar, president of Emerson commercial and residential solutions in Asia, Middle East and Africa. He said the planned research center will become a vital part of the company's strategy of "in China, for China".

"China is making rapid progress in pushing forward the new board, which features the registration system, thanks to the sufficient preparation gradually done before," said Li Ye, an analyst with Shenzhen-based Great Wall Securities.

"But we had much faith in this area," he said. "For one thing, adjacent infrastructure was under construction.

"By deploying leading technologies and business models with CRC in the polyester value chain, we hope to create a more competitive and sustainable future together," said Yang Xiaoping, BP's president for China.

"But they understand now," he said, speaking in Chinese, as did all the students who were interviewed.