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"China is our largest trading partner and has become our greatest partner for investments. For the Brazilian government, this is very important ... as we are stimulating the strengthening of ties in various ways, not only in economy, trade, finances and investments, but also in culture and academia," he said.

"China has tried its best to practice restraint. It has been asking through diplomatic channels for the Indian troops to withdraw. But India doesn't seem to understand," Lan said, adding that there are "various possibilities" if India keeps ignoring China's diplomatic efforts.

"China has come up with solutions such as the Belt and Road Initiative that aim to create a more open and inclusive international cooperation platform to fuel a new round of development," Xu said.

"But we see that as an investment in the longer term. We are building our own type of intellectual property protection around it, so that we also have a sustainable profit model for the long term. I think in five to 10 years from now, bio-based will be the mainstream."

"But the think tank could be some time away," he added.