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China-Portugal relations are now stronger than ever before, and China-Portugal cooperation promises broad prospects. We have every reason to believe that with the joint efforts of both countries, China-Portugal relations in the new era will gather full speed and sail toward an even brighter future, delivering greater benefits to our peoples, and contributing even more to the building of a community with a shared future for mankind.

China's property market has remained stable as the government maintains tighter regulations, including curbing home purchases and stricter mortgage policies, to ensure that "house is for living in, not for speculation."

China's private consumption may grow at a faster pace of 6.3 percent this year, compared with 6 percent in 2019. Stronger consumption will help stabilize the labor market, release pent-up demand and support a solid expansion of the service business, the economist said.

China's retail sales of consumer products rose by 8 percent to 41 trillion yuan last year. Due to the impact of the novel coronavirus epidemic, total retail revenue of social consumer products slipped to 7.86 trillion yuan in the first quarter, down 19 percent year-on-year, according to National Bureau of Statistics data.

Chinese IT companies are in the front ranks in some technologies, such as Xiaomi playing a leading role in developing intelligent appliances and its voice interaction system, Zeng added.