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"China's cost-effective equipment technology transfer, well-trained personnel and financial support can enable us to find more competitive edges jointly with ASEAN countries."

"China's pressure from growth stabilization has eased greatly and it will pay way for its macroeconomic maneuvers to upgrade its economic structure and contain risks," said Cheng Shi, chief economist at ICBC International.

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.

"Consumers' purchase decision is formed in the very beginning of their purchase behavior," said Eileen Ren, vice-president of digital customer experience at JD Power China.

"Customers want smart cars for a smart world, and Chinese customers are quick to embrace new technologies and electric cars are going to be a preferred choice," the executive chairman said.