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"China is definitely a highly dynamic market for luxury brands. Growth momentum is largely seen coming from the country," Zhang said. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."
"By staying within the WTO framework, that's consistent with the way international trade is regulated, and it does give a high ground that they are basically following the rules," he said of the Chinese mainland and several others that have filed the WTO cases over the US solar panel tariffs. But he said the US so far has been following the rules, too.
"China is our number one trading partner. China has made huge investment in the country in the past 20 years. They have helped our government to improve our infrastructure and change the lives of our people. Chinese relations are helping us to address the triple challenges of poverty, unemployment and inequality. This relationship is based on mutual respect and win-win," Genge said.
"China needs a high-quality modern system to follow the new 'dual-circulation' development pattern," Wang said. "More efforts should be made to expand the effective supply in the logistics market and improve the service capabilities of the transportation hubs."
"But to date, this has not resulted in any revolutionary advances. In the export market, it is competing with Russia, South Korea, Japan and France, and there is no guarantee that it will become the predominant supplier."