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"Consumption has been playing a bigger role in China's economic development while the country is undergoing economic restructuring. The trading hub will cater to the demand of increasingly sophisticated Chinese consumers. It is our hope that we can build the trading hub as the ideal venue for companies to launch new products and into a most influential distribution center for imports and exports,"Zhang said.

"Consumers from those generations are increasingly conscious of the environmental and ethical impact of their purchases, such as whether workers are fairly paid and the work is done in safe and environmentally friendly conditions, things that large corporations often fall short on despite promising to adhere to strict ethical and environmental standards," said Tang of the Gem Appraisal Center of Peking University.

"China's approach is borne out of global responsibility and based upon a Chinese philosophy of self-interest that the world is safer and more secure if all nations prosper. Sharing is a byword for China's trading philosophy," Perry said.

"China's 40 years of reform and opening-up have provided numerous opportunities to General Motors," Matt Tsien, president of GM China, said. "The success of our joint ventures, like SAIC General Motors Corp and SAIC-GMWuling Automobile Co, is the best proof of China's economic opportunities and our long-term commitment to working with local partners to provide world-leading mobility solutions to our customers in China."

"Considering the positive recovery of market demand as the epidemic is getting under better control in China, we are confident in achieving our expected whole-year target of double-digit growth," said Li Shuguang, president of Wuliangye and an NPC deputy, on the sidelines of the ongoing two sessions in Beijing.