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"China's corporate evolution, from being a home for low-cost manufacturing of parts and goods for multinationals such as Apple and Nike to being a producer of high-value products, is shaping mergers and acquisitions in the Belt and Road region," said Boehm.
"China's economic development will increasingly depend on domestic circulation, and the exports-to-GDP ratio will gradually decline to the levels of the United States and Japan," he added.
"Currently, our focus is on using underground space for utility, transport, storage and industrial facilities to free up surface land for housing, offices, community uses and greenery, to enhance livability," he said.
"Comprehensive and highly efficient logistics systems have become the core competence of enterprises to attract customers, especially for e-commerce platforms and express delivery companies," Xia said.
"China will not close the door to the world but will only create more spaces," the official said in a statement. "Since its entry into the WTO, China has kept its promises on tariff cuts and market opening, stood against protectionism, improved protection of property rights, promoted fair competition and pushed forward economic globalization."
来源：资阳报