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"China is becoming one of the largest consumer markets in the world, and this huge consumer market is still opening up. On the one hand, China's tax cuts on imported consumer goods are increasing, on the other hand, China's policy continues to encourage cross-border import e-commerce and other new forms of business," Gao Hongbing, president of AliResearch, said.

"China is one of the top three markets for Air Liquide, with its contribution to the group in terms of revenue increasing for the past few years," the executive said.

"China is a market with a population of 1.4 billion and 400 million middle-income earners, and there is a strong demand for consumption upgrade," said Wang Bin, an official at the Ministry of Commerce. "The domestic consumption market is full of potential and it is China's biggest advantage to maintain long-term stable development."

"But what we should understand is that steel for the automotive manufacturing sector is constantly changing, and the materials used in the car today are not comparable to the steel of a decade ago."

"By 2030, the number of new energy vehicles in China is expected to reach 64.2 million," said Sun Huifeng, president of CCID Consulting. In the next 10 years, 63 million charging piles need to be constructed, which can translate into a market value of 1.03 trillion yuan (6.7 billion), Sun said.