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China has seen a rising demand for first-class shopping experiences, as the nation's economy expanded 6.9 percent in 2017 and the country's market continues to mature.

China highly values cybersecurity and deeply understands that ensuring cybersecurity is a prerequisite for better growth of new-generation wireless technology, he added.

China has stated that the United States should refrain from discussing the settlement of the denuclearization of the Korean Peninsula within the context of China-US trade.

China is the world's biggest market for gold coins and bars, which account for roughly 20 percent of China's annual gold consumption. The WGC said China's demand for these products rose 8 percent year-on-year to 306.4 tons in 2017.

China has set a target for new energy vehicles, which consist of electric cars, plug-in hybrids and fuel cell vehicles, to account for a fifth of auto sales by 2025, compared with the current 5 percent.