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China has conducted numerous efforts in recent years to promote green and efficient cooling products, with government encouraging retailers and e-commerce platforms to transition to green and efficient cooling products, initiating rebate programs including Energy Saving Subsidy and Green for Old to encourage consumers to purchase more environmentally friendly cooling products.

China currently contributes to 15 percent of the company's global revenue. O'Neill is optimistic the figure will grow as the firm expands beyond traditional auto services into retail banking and insurance.

China has facilitated a "dialogue" among countries around the world, he said, noting that the Belt and Road Initiative allows various countries to sit down at the same table to discuss cooperation.

China has confidence it will maintain steady trade growth with improving quality in 2020 despite sluggish global demand, Li said, citing the country's solid trade foundation and vitality of market players.

China has a four-tier color-coded warning system for severe weather, with red most serious, followed by orange, yellow and blue.