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China's pet industry has seen explosive growth, and online channels are playing a vital role in pet consumption, with high-end imported pet food and daily necessities, as well as grooming, and medical care products and services favored by a tech-savvy generation, a report said.

China, for instance, maintains normal economic exchanges and trade with Iran that are conducted on the basis of conforming to its obligations as a signatory to the Iran nuclear deal and under international law.

China's rank in the World Bank Group's Doing Business 2020 study improved to 31st on the ease of doing business, up from the 46th a year earlier, a report from the organization showed.

China, as the world's leading car market, also boasts a competitive edge in manufacturing, said Baldeon, which "translates into better pricing conditions, and along with permanent innovation, they guarantee a good reception not just in Ecuador, but in international markets."

China's securities regulator has issued draft rules on the issuance and trading of China Depositary Receipts (CDRs) for public comments. [Photo/VCG]