Li's remarks came as China's economic recovery gathered momentum in recent months, with retail sales growing by 4.3 percent in October on a yearly basis, up from 3.3 percent in September, according to the National Bureau of Statistics.
Li said the annual sales of its air conditioners surpassed 10 million units at the end of last year, adding this figure is set to reach 12 million units this year.
Like Papp, more and more foreign entrepreneurs in China will benefit from the country's continuous efforts to level the playing field for domestic and foreign-invested enterprises, among other priorities to vitalize market entities in the next five years, experts said.
Lin Minwang, a professor of South Asian studies at Fudan University, said that an increasing number of countries such as Iran and multilateral organizations have displayed an interest in participating in the CPEC.
Lim Yu Chuan, co-director of the exercise, commander of the First Flotilla and commanding officer of 185 Squadron of the Republic of Singapore Navy, said, "The successful conduct of the inaugural ASEAN-China Maritime Exercise is an important achievement for the navies of ASEAN and China."
Lin Cong (not his real name) raises 1,000 chickens on the third floor of his parents' house. Every day, he carries water upstairs, feeds the chickens and cleans the coops. He has a cat and a dog, but his pigeons are his favorite pets.
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Liang said production and logistics at overseas factories have been affected by the pandemic, while Chinese production capacity has fully recovered following the resumption of work and production as the contagion comes under efficient control in China.
Lifting tariffs on Canada and Mexico apparently is part of Trump's plan to gain approval from Congress for a revised North American trade agreement.
Li said the chic smartphone tailored for consumers shows the perfect integration of high-end technology and style, as it incorporates the latest Kirin 710 octa-core chipset and will allow for faster processing speed.
Li said the Chinese economy has good fundamentals in the long run, though it fluctuates in the short run, which can be managed. China is a huge market and home to the largest pool of human resources in the world, with a workforce of 800 to 900 million people, including 170 million who received higher education or professional training, he said.