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China has deeply integrated itself into globalization. It cannot expand domestic demand without international cooperation and smooth operation of the global value chain. Expanding domestic demand, on the other hand, can tap the potential of the massive consumer market and at the same time benefit foreign businesses.

China has always attached importance to developing relationships with countries in Pacific Islands and the forum, she said, adding that it will continue to strengthen exchanges and cooperation with those states on the basis of the one-China principle.

China has emerged as a global pioneer in the sharing economy, with a wide range of businesses using the peer-to-peer model, including startups offering creative services overseas, a new report said on Tuesday.

China has also been holding an annual China-ASEAN Expo in Nanning, capital of Southwest China's Guangxi Zhuang autonomous region, since 2004.

China has become the largest market in the world for Kindle reading devices. In June, Amazon announced a strategic partnership with Migu Culture and Technology, a subsidiary of China Mobile Communications, and launched a feature-rich Kindle created exclusively for Chinese readers.