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China has seen an ongoing increase in the numbers of motor vehicles and drivers, as a total of 7.41 million motor vehicles and 8.45 million vehicle drivers were newly registered between July and September, the ministry's traffic management bureau said.

China has seen a rising demand for first-class shopping experiences, as the nation's economy expanded 6.9 percent in 2017 and the country's market continues to mature.

China is already deeply involved in many levels of the global value chain, which allows the country to share the dividends of globalization. The country used to rely on imports of key parts and components in mechanical and electronic equipment and aerospace due to domestic shortcomings in such key technologies.

China is the company's second largest market, behind only the US, Makatsaria said. As China remains a key growth engine globally for Johnson & Johnson, the company hopes that China will overtake the US and become the group's largest income contributor in the near future, he added.

China is committed to lifting its entire poor rural population out of poverty by 2020.