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"China firmly opposes and rejects it," he said.

"China is a huge market with unparalleled potential. China's consumption will top the world this year or next year, and China's GDP will also exceed the US by the end of the next decade. However, China's real estate transaction only accounts for about 1/20 of the US, posing great growth potential."

"China is moving to become a publishing power in the world, which provides a good opportunity for the development of the publishing industry on both sides of the Straits," said Wu Shulin, executive vice-president of the China Publishing Association.

"China has brought tangible changes and benefits to the African society through improving local infrastructure, building schools and hospitals, and offering training courses," she said.

"China has entered a stage of stable leverage as the country's deleveraging efforts have delivered primary effects," Liu Shijin, vice-president of the China Development Research Foundation, a government think tank, told the Economic Daily.