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"Chinese consumers' demands have become more and more diversified and personalized," said Gu Fan, vice-president of Amazon China, adding the company will step up efforts in the cross-border online shopping sector through Amazon Global Store and Prime membership.

"Chinese carmakers cannot rely too much on their joint ventures for profit, which means they have to work harder on their own models. This will help cull the incompetent but cultivate the competitive such as Geely." Zhang said.

"Companies from Europe and other parts of the world are all part of China's story of development", he said, adding they will continue to achieve mutual benefit through their operation in China.

"China's most demanded commodities were copper minerals, copper cathodes, fish meal, iron minerals and silver minerals. The export value of these items increased by 31 percent, 37 percent, 65 percent, 26 percent and 23 percent, respectively, compared to 2016," said Carlos Posada, the executive director of CCL's Institute of Research and Development of Foreign Trade.

"Chinese companies have gained an upper hand in large-screen LCD displays. Samsung and LG's decision to exit from the LCD sector means Chinese panel makers will take a dominant position in this field," said Li Dongsheng, founder and chairman of Chinese tech giant TCL Technology Group Corp.