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China's accelerating development of services trade will provide huge market and rich opportunities for cooperation for countries worldwide, and boost global economic recovery as the pandemic has dealt a heavy blow to the world economy, analysts and scholars have said.

China will push for completing negotiations on the China-EU Bilateral Investment Treaty as scheduled, promote the building of China-EU dialogue mechanisms in environmental, climate and digital fields, and forge a partnership between China and the EU in green and digital fields, in order to inject strong impetus into the growth of the China-EU comprehensive strategic partnership, Xi added.

China's Vice-Premier Hu Chunhua speaks at the Second High-level United Nations Conference on South-South Cooperation, in Buenos Aires, Argentina. March 20, 2019. [Photo/Xinhua]

China's CPI rose 1.5 percent year-on-year in January, down from December's 1.8 percent, and well within the government target of around 3 percent.

China's beauty market has been developing fast as the country's increasingly affluent consumers are willing to spend on products and services that make them look younger and more glamorous.