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"China is playing an ever-growing role in global politics, and we have great interest in working together on many issues where its role is essential, from pandemic recovery to climate change and sustainable connectivity," EU High Representative for Foreign Affairs and Security Policy Josep Borrell wrote in a blog last week. "All this and more forms a big, positive agenda for EU-China cooperation."

"But these units are in fact highly linked. The video-streaming business will be weighed down further, as now it is next to impossible for Jia to find investors to back his electric car plan," Lu said.

"By further reducing the burden of manufacturing enterprises, it will help promote the investment and development of the sector, and thus form a benign cycle. Tax cuts and fee reduction are an important measure to help lower the costs and they will help manufacturing companies to raise their product qualities," said Liu Xiangdong, an associate researcher at the economic research department of the China Center for International Economic Exchanges.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"China got valuable support from the African Union and African countries when it faced the hardest period. When the pandemic outbreak reached Africa, China sent medical expert teams to 16 African countries, built pair-up hospital cooperation with 42 African countries, offered urgent medical supplies to the African Union and almost all African countries," Liu said.