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"China is facilitating global trade through the Belt and Road Initiative. What we have seen in the trade frictions between China and the US is a negative side where people say global trade causes problems. You need certain rules to the game so that both sides of trade feel they benefit," he said.

"China is our most important economic relationship and biggest trading partner, strengthening that relationship will contribute to Victoria's growing economy and create jobs."

"China has the foundation as well as conditions to recover the economy," Ning said during an interview with People's Daily. "The trend of the Chinese economy toward stable long-term growth with sound momentum remains unchanged."

"China is a key market for UBS," the bank said in a statement, adding that the further opening-up of China's financial sector brought great opportunities.

"China is now the second-largest filer of international patent applications after the United States. The number of applications is still rising at a very rapid rate," Gurry said.