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"Cooperation with foreign counterparts plays an important role in exploring international markets as local partners and special personnel that better understand local markets will help Alpha easily integrate with foreign markets," said Seven Wang, executive assistant to Alpha's president.

"Cooperation between China and the EU is very much necessary now, as global competition will change after COVID-19," Prodi said. "Globalization will not end, but will change. We must set the rules now, with a common approach."

"China will develop a new model of social governance based on collaboration, co-governance, and common gains," Li said.

"Countries that have followed China's political and economic model are already recording socio-economic success," Were said, singling out Rwanda and Ethiopia.

"Consequently, opportunity abounds as brands seek to engage the attention of consumers in the world's most lucrative and fastest-growing luxury market," it said.