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China is embracing a burgeoning general aviation industry with 93 newly-licensed general aviation airports and an expanding fleet of aircraft in the first half of the year. [Photo/VCG]

China has recently vowed to establish a "dual circulation" development pattern, in which domestic and foreign markets complement and reinforce each another, with the domestic market as the mainstay, aiming to build up resilience with better domestic development and wider opening up against headwinds in the external environment. The country's enormous market is pivotal to this development pattern, with the booming "holiday economy" being a manifestation of the strategy.

China is Canada's second-largest overseas market, and its 2018 budget has noted that a doubling of trade between Canada and China by 2025 remains a mutual goal.

China is also stepping up efforts to safeguard investors from securities fraud after Luckin's fake reporting. Yi Huiman, chairman of the China Securities Regulatory Commission, said in a recent article that the securities regulator will crack down on financial fraud and other legal breaches in the capital market.

China has seen new growth opportunities in the emerging board game esports field amid the global COVID-19 pandemic, according to speakers at the 12th China Innovation Forum.