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"China's manufacturing capability and huge market potential will continue to attract innovation-driven companies to move to the market to commercialize their latest technologies quickly at a lower cost," she said.

"Chinese consumers are increasingly discerning about their luxury purchases, demanding more variety and choice than ever. As we look to continue to meet this demand, we see many potential areas for future collaboration with Secoo," Hu said.

"China's determination to expand opening-up and the ongoing reform measures have made its financial market increasingly appealing to overseas investors," the administration said on Monday in a statement on its website.

"Currently, Chinese companies are gaining a firm foothold in the high-end medical ultrasonic diagnostic instrument market, and accepted widely by users. The dominance by foreign enterprises results in high prices for the devices. The rise of domestics brands has brought prices down."

"China's capital market should be reformed to help long-term investors obtain higher yields than short-term ones, which will help refill the market with more patient capital," Jin said, adding that both the market and the government can come into play in that respect.