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Both sides will hold the first meeting of the Comprehensive Economic Dialogue during the summer this year.

Brand Power of Chinese brands increased by 15 percent from last year, tripling the growth rate of last year, indicating the growing vitality and competitiveness of Chinese companies.

Businesses in Xiongan will focus on high-end and high-tech industries, such as the new generation of information technology, modern life science and biotechnology, he said, adding some leading companies in related fields have started cooperation with the area.

Brand value of those companies reached 4.43 billion yuan (7 million) in 2017, up 20.6 percent year-on-year, according to the report released by China Real Estate Top 10 Research Group.

Brussels faces an important choice over how the next EU policy cycle frames relations with China. It could choose to focus on the "strategic rivalry" narrative and look to build European champions via protectionism and the exclusion of Chinese capital and technology.