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Ardern said that delivering an innovative and well-run virtual APEC will demonstrate New Zealand's digital and creative capabilities, along with its commitment to continued and effective diplomacy, which is more important now than ever in a COVID-19 world.

As China's economy maintains a steady growing momentum in the past year, fast-moving consumer goods sales in the country increased 4.5 percent from June 30, 2017, to June 30 this year, indicating a continuing consumption upgrade in the country, according to a market trend report released by CTR Market Research in Beijing on Aug 27.

Armstrong, a Hall of Famer by Auto Express for his decades-long experience working in six countries, said as the customers in China are becoming younger, he believes there is growing potential for the segment.

As China solves its own problems by increasing its economic weight, boosting its technological prowess, attaining green development, and opening up further, the world only stands to benefit.

Apple, the biggest tech company on the planet, boosted its spending 71.7 percent to .37 million in 2013.