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China was elected to the Human Rights Council five times in 2006, 2009, 2013, 2016 and 2020.

The statement also said both American companies will take part in TikTok's global pre-IPO financing round in which they can take up to 20 percent cumulative stake in the company. A business insider familiar with the deal told Xinhua that TikTok had a plan to finish IPO in the U.S. market in one year if possible.

China has recently vowed to establish a "dual circulation" development pattern, in which domestic and foreign markets complement and reinforce each another, with the domestic market as the mainstay, aiming to build up resilience with better domestic development and wider opening up against headwinds in the external environment. The country's enormous market is pivotal to this development pattern, with the booming "holiday economy" being a manifestation of the strategy.

Bishnul Rijal, deputy chief of International Department and member of the Nepal Communist Party Central Committee, said the white paper clearly shows China's people-centered development policy and its absolute commitment to the well-being of its people.

To forestall and defuse various kinds of risks and proactively address challenges brought by external changes, China needs to focus on taking care of its own matters and improving the quality of development, said Xi.