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China's development will bring numerous opportunities for the whole world, and other countries are welcomed to board the fast train of China's development, said Huang, who is also a member of the Political Bureau of the CPC Central Committee.

China's economic development has entered a new era, and the basic feature is that the economy has shifted from high-speed growth to a stage of high-quality development, according to a statement issued last week after the annual Central Economic Work Conference.

China's home-sharing market is surging, thanks to the fast-growing middle class and increasing popularity of home-stays as a novel form of accommodation.

China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent, supporting the Chinese currency.

China's economy should return to normal in the second quarter following the novel coronavirus outbreak, whose impact on the global economy should be "relatively minor and short-lived", the top International Monetary Fund official said, as a senior Chinese banker also estimated the effect to be "temporary".