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China's sharing economy covers a wide range of fields, from life services such as travel and accommodation to industrial production, agriculture and other production.

China's strategic goal is to develop itself rather than to challenge anyone else, Cui said, in an apparent response to recent rhetoric by the Trump administration that claims China is a kind of "revisionist country" trying to challenge international rules.

China's sharing economy now covers a wide range, from the shared use of bikes, vehicles, umbrellas, to living spaces and working spaces, and even knowledge, skills and labor.

China's trade partners have long worried about the quality of IP protection in the country, but those worries are seen as remnants of a system of IP development and legislation that was not as advanced as it is today. Reforms have been ongoing for almost two decades.

China's winter sports industry has maintained an annual growth of 15 percent over recent years, and winter sports venues across the country saw more than 23.45 million consumers in 2019, said Zhang Li, vice-president of the China branch of IDG Capital, at a CIFTIS forum.