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"China's economic growth has undergone profound changes in the post-crisis era," he said. "The ratio of consumer spending to GDP has been on the rise for eight consecutive years."

"Companies all applaud such regulations, which save time and costs. The entire medical device industry in the Suzhou FTZ Area will thus be boosted," Sun said.

"China-Europe cooperation is crucial and important for reducing uncertainties in the current international situation and boosting the confidence of the global community," said Ruan Zongze, executive vice-president of the China Institute of International Studies.

"China's economy has gradually emerged from the slump and returned to the level it was roughly at prior to the outbreak, backed by the stimulation that has delivered burgeoning signs of work resumption, industrial chains and services sector," said Shao Yu, chief economist at Orient Securities.

"China's growing demand for high-value products, especially automobiles and home-related services, offers many growth points," says Peter Tyroller, a board member at Robert Bosch GmbH responsible for the Asia-Pacific area.