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Another positive factor is that with more electric vehicle startups tapping into the Chinese market, traditional manufacturers are facing fiercer competition and increasing their investment on product research and development. Global carmakers are also making efforts to promote the development of electrification.

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Answering whether China and the EU will reach consensus in global trade and investment, Lu said both sides agreed to expand economic and trade cooperation, support and promote economic globalization at the 7th China-EU High-level Economic and Trade Dialogue in Beijing last month. Both sides also agreed to fight unilateralism and trade protectionism and safeguard the rule-based multilateral trading system, he said.

Apart from Red, US-based tech behemoth Amazon is luring an increasing number of Chinese buyers to buy foreign products. Its Amazon Global Store covers top destinations of outbound Chinese consumers, including the United States, the United Kingdom, Japan and Germany.

Any move that goes against the trend will run into a dead end, and those who divide the country will be doomed to eternal infamy, he said.