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China, especially Shenzhen, has a growing base of educated researchers and engineers, and mature downstream support services.

China's retail sales of consumer goods climbed 4.3 percent year-on-year to 3.86 trillion yuan (about 4.5 billion) last month, according to the National Bureau of Statistics.

China’s total life insurance premiums are estimated to have increased by 22.5 percent in real terms in 2017. The strong growth was driven by increasing penetration of health insurance, rising demand for protection-typed life insurance, and expanding sales through new distribution channels including the internet.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, will attend the event and deliver an important speech.

China's position on enforcement of related resolutions of the United Nations Security Council is clear and consistent, Lu added.