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China's continuous opening-up and the progress of the Belt and Road Initiative will give full play to rail transport, which offers both high quality and efficiency for cargo delivery across the Eurasian countries, said Huang.
China's investment in Hungary has reached .1 billion in chemistry, financing, communications, logistics and automotive industry, Duan added.
China's internet giants including Alibaba Group Holding Ltd and JD.com Inc have ramped up efforts to deploy offline channels as pure-play e-commerce growth starts to stagnate. Alibaba has completed a series of buyouts including retail chain Intime Retail Group Co, while JD backed Yonghui Superstores and announced plans to open 1 million namesake convenience stores in five years.
China's foreign trade volume dipped by 4.9 percent year-on-year to 11.54 trillion yuan (.63 trillion) in the first five months of this year, with exports down 4.7 percent and imports dropping 5.2 percent year-on-year, according to the General Administration of Customs.
China's influence on the global economy is far greater than its own weight. More importantly, such influence is also reflected in China's presence at the core of the global supply chain. Over the past decade, China has become the center of the global supply chain network, with import and export of intermediate products accounting for a relatively high proportion.