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"Cooperation is the only choice for China and the US, and a better future could only be achieved through win-win cooperation," said Yuan Hao, commercial consul for the Chinese Consulate General in Los Angeles, who spoke at the event.

"Companies need to seek refined operations to reduce the cost and then offer better services to retain users," Sun added. "The bike rental fare hike may help companies ease the pressure to turn profitable. However, bike-sharing platforms may also face problems such as the loss of many users. As the ride costs the same or even higher than the bus, shared bikes may lose certain advantages."

"Chinese companies are shifting their focus from quantity to quality. Instead of unveiling new products almost every month, they realize that one premium flagship model has greater appeal to consumers," said Xiang Ligang, CEO of telecoms industry website Cctime.

"Currently, we sell about 450,000 smartphones in China every day," Ren said in late March. "As the demand further recovers, monthly sales are expected to reach 20 million units later this year."

"China-related books have been enthusiastically welcomed by Russian audiences in recent years, and many Russian people have come to Chance Bookuu to buy books about Chinese language, Chinese culture and Chinese food since the bookstore opened in July," Zhu said.