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"China remains a hot spot for foreign investment," Gao said. "Facing global challenges, China is willing to strengthen cooperation with all parties and work together with them to ensure the openness, stability and safety of the global supply chain. "

"Chinese brand's performance results from its less successful product development and, more importantly, their undue efforts to cut prices," said Fu Lianxue, a senior expert at the center, in an interview with China Economic Net.

"Chinese brands have taken a giant and rapid leap in growth, in technology, in product design," said Alvarez.

"Chips in bedding can record the whole washing process, including washing, sterilization, eliminating alkali and ironing. All are automatic and monitored by cameras. By scanning QR codes, hotel guests can see the time of every operation," he said.

"China's global role has evolved from a low-cost manufacturer in the late 1990s to the world's growth engine around 2010, and now an unarguably global innovation engine, especially in areas such as high-speed trains, electronics, large passenger jets and nuclear power technologies," he said.