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China's development has also lifted the country's 700 million people out of poverty, another great contribution to the world.

China's consumer landscape is evolving and that offers more opportunities. We are (also) evolving into a total beverage company for our consumers with (multiple) choices and easy-to-access nutrition information. Our research and development center in Shanghai is the largest outside the US and signifies our commitment to China.

China's firm steps in financial opening-up will also act as a force against de-globalization, which has gained some popularity amid the global COVID-19 pandemic, and therefore contribute to global economic stability, Zhang said.

China's move to open up its automotive industry is winning applause from international carmakers at the ongoing Auto China, the biggest car show in the world's largest car market.

China's industrial production is currently stable, with room for further boosting domestic demand, said Liu Feng, chief economist with China Galaxy Securities. "The inflation is mild and consumption is stable. With further expanding domestic demand, the country can effectively offset the trade war impact on imports and exports," he added.