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China has started testing its government-backed digital currency in some regions before it is introduced to the public, aiming to replace paper notes and coins in circulation, according to the People's Bank of China, the central bank.

China is one of the two fastest-growing markets for Alcantara and the second largest market after the European Union, in terms of sales last year, according to Boragno.

China is likely to displace Britain as the world's second largest wine consumer, in terms of value, by 2021, according to research from Vinexpo, one of the largest exhibitions for wine and spirits professionals globally, and the UK-based International Wine and Spirit Research.

China is currently in the midst of a long-term transformation of its national business model. Earlier growth was based on the nation's comparative advantage at the time－low-cost labor combined with good infrastructure and a business environment that was acceptable for low-wage manufacturing. This business model enabled China's growth for more than 30 years and allowed it to raise almost all of its people out of extreme poverty.

China is a huge market with tremendous potential opportunities and the second China International Import Expo provides a wonderful chance to tap the market, Halli Thorkelsson, CEO of Eimverk Distillery, an Icelandic whiskey manufacturer, said.