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Both sides agreed to launch China-South Korea "2+2" dialogue on diplomacy and security, launch China-South Korea dialogue on maritime affairs and hold a new round of high-level strategic dialogue between foreign ministries of China and South Korea.

Bringing rich experience in working with content creators and commercializing online video content, Yoola is partnering with top social media platforms in China, as well as Chinese content creators and brands.

Bruno Lannes, partner of Bain Greater China consumer products practice, added that the price differences between online and offline distribution channels are partly the result of brands' strategies. Some brands have promoted and sold imported and exclusive products with premium prices only online. Such products are not available in brick-and-mortar shops.

Bustelo said market players are showing their confidence in China's economy.

Building scale