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"China has always been the engine of Volkswagen's success, especially now, as the economy in Europe and the US is under great pressure. In the wake of the pandemic, the Chinese auto market is full of new opportunities," said CEO Herbert Diess in a Sina Weibo post on Wednesday.

"By creating a new highland of securities industry opening-up, we aim to fully spark the internal development momentum of Beijing's financial industry," Yan said, adding that the plan for Beijing will also contribute to the nation's financial opening-up progress.

"But we are fortunate (to live) during this time of AI technology," he added. "We are fortunate China is moving to the center stage."

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"China has reduced tariffs on goods such as cars and daily necessities since the beginning of this year, and is working with countries around the world with an opener attitude, said Li Xunlei, chief economist of Zhongtai Securities. "These all provides a good external environment for the high quality development of Chinese economy," he added.