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"For the last few years, there's been so much talk about strategic rivalry among the major powers, perhaps between China and the United States about the so- called Thucydides Trap," he said.

"For example, many bistros in Beijing use goose liver imported from Slovakia for foie gras, and the Slovakian company has already set up a processing facility for the same in Inner Mongolia," he said. "We need to increase the imports of consumption goods to meet Chinese consumers' growing demand for better products."

"Financial institutions will issue more A-share exchange-traded funds (ETFs) to attract overseas capital inflows into the country's stock market. Whether capital inflows into the A-share market can be sustained depends on the performance of these A-share ETFs based on the stock valuation level, and the market dynamics of the A-share market," Shum told China Daily.

"Harsher punishments are urgently needed," Sun said. "We decided to raise the penalty to 50 yuan for any violation, but for especially severe behavior a violator can face a fine up to 200 yuan."

"From this year, we have been exploring going global as we set up our first overseas office in South Korea," Chen said.