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"Contrary to the accusations made by the prosecutors, I never received any compensation from Nissan that was not disclosed, nor did I ever enter into any binding contract with Nissan to be paid a fixed amount that was not disclosed," the 64-year old said.

"China's system selects very competent, best people in government," said the minister. "And over 35 years, it has uplifted more than 600 million people out of poverty. No country has done that in history, in 35 years."

"China's strengthened friendship with France within the framework of BRI has given precious opportunities for students like me to directly learn from leading technology companies," he said. "I feel such open dialogue is important to foster multilateral collaboration in our increasingly globalized world."

"Companies from Europe and other parts of the world are all part of China's story of development", he said, adding they will continue to achieve mutual benefit through their operation in China.

"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.