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As an important participant in global value chains, China's initiative to expand imports and greatly ease market access will effectively reduce the cost of joint construction of new global value chains by companies in various countries, and significantly increase the operational efficiency of the global value chains.

As at the end of last year, China had 2,342 mid-end hotels, up nearly 34 percent year-on-year. The number of budget hotels reached 21,808, up 10.5 percent from the previous year, according to the China Hospitality Association.

As crossover branding is now a hot trend for many sectors across the world, Devialet, the French acoustic engineering technology specialist known for audio products including high-end speakers, unveiled its latest product – Phantom Reactor Opéra de Paris in China to further enhance its market presence. [Photo/Devialet]

As a professional, international and high-level event, the fair has played an active role in the country's technological development, from making improvements and catching up with other countries to taking the lead in internationally advanced technological levels, Wang Lixin, the fair's secretary-general said.

As early as 2015, Lui established the Lui Che Woo Prize-Prize for World Civilization, as he believes education is the key to future prospects. The prize aims to recognize and honor individuals and organizations that are devoted to sustainable development in the world and the betterment of the welfare of humankind, as well as promoting a positive attitude.