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"One very interesting development where China has a lead is in the e-commerce sector. That increase is very positive for Volvo because we see that sophistication of transport is very important in e-commerce, that's why the demand for our type of solution has been increasing," said Martin Lundstedt, President and CEO of Volvo Group.

BEIJING, Oct. 30 (Xinhua) -- President Xi Jinping said Monday that China is a contributor to economic globalization and its opening up is a win-win outcome for China and the world.

"Adopted before the world's biggest one-day online shopping festival which falls Nov. 11, the law will better regulate online shopping and maintain a fair market order," he said.

In the same month, Nuctech Warsaw, owned by Chinese Nuctech, started building a new manufacturing and office facility of 6,000 square meters in Kobylka, near Warsaw. With the total investment of 40 million zloty (11 million U.S. dollars), the facility will produce large-scale security inspection equipment.

People-to-people exchanges are a long-term cause and crucial to the development of China-U.S. relations in the long run, Xi noted.