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"Compared with European countries and the United States, the penetration rate of household and kitchen appliances in China is relatively low, and this segment has huge growth potential in the future," Si added.

"China's retail sales of consumer goods surged 9.8 percent year-on-year in June, especially driven by the rapid growing online sales and this year's June 18 retail festival," Mao said at a news briefing held on Monday in Beijing. "And we've witnessed fast growth in online sales of cosmetics and home appliances."

"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."

"Cooperation is necessary in this aspect. You know smart cars are difficult for one carmaker to develop no matter how big, and carmakers will feel a little worried if they rely too much on platforms of tech giants like Google or Baidu."

"China pursues a national defense policy that is defensive in nature. China's land-based intermediate range missiles are all deployed within the Chinese territory," Zhang said. "It is for defense purposes and poses no threat to any country."