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"China has made tremendous progress in the culture and creative industry over the past 40 years — especially in the areas of design, fashion and modern art," Howkins said.

"But serving these consumers requires understanding how they are different from their top-tier city counterparts, and then crafting offers that meet their needs," said Wang of McKinsey.

"China has surged to 14th place on the list of the Global Innovation Index 2019 released by World Intellectual Property Organization in July, 21 places higher than the year of 2013, thus becoming a leader among the world's mid-income economies," Shen said.

"China has been an important engine for global growth in recent years," said Liang Haiming, dean of the Hainan University Belt and Road Research Institute.

"Cellphones made by domestic brands are a friendly price and perform excellently," he said. "I know lots of foreigners who use cellphones made in China. The country is an emerging superpower that is surprising the world with its innovation and marvelous power of action."