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"China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China (Shanghai) Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"China has been very pragmatic. It has been very gradualist and cautious and has not wanted to rip up the existing order. But things are moving much more quickly now and over the next 20 years there will undoubtedly be a new global order of some kind," he said.

"China is definitely a highly dynamic market for luxury brands. Growth momentum is largely seen coming from the country," Zhang said. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."

"China is willing to work closely with Nepal to seize the historical chance to develop concrete cooperation under the framework of the Belt and Road Initiative and bring China-Nepal relations to a new height," Yu said.

"China has consistently opposed the use of force in dealing with international relations, and believes that all parties should take effective measures to observe the purposes and principles of the Charter of the United Nations, as well as basic norms that guide international relations," Geng said on Friday.