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"Consumption drives economic growth by leading investment. Economic growth can only be stimulated if consumption can be expanded to boost industrial production," said Wang Tongsan, an economist with the Chinese Academy of Social Sciences, a government think tank.

"Come on, Spring Festival is a family time and I want my furry little family member to have a good experience, even if he is not by my side."

"Consumers' purchase decision is formed in the very beginning of their purchase behavior," said Eileen Ren, vice-president of digital customer experience at JD Power China.

"Compared to Europe and the US, we are still at an early stage. Chinese auction houses began with Chinese artworks and Chinese collectors and expanded rapidly, just like the fast-growing Chinese economy."

"China's continued economic growth and the expanding middle class make the country a profitable new market for Latin America," she told the Mexican exporters during a seminar on the Chinese market held in December.