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"China's current brandy market is mainly dominated by foreign products," said Wang Qi, executive vice-chairman of CADA. Last year, China bought 24.4 million bottles of cognac, becoming the third-largest consumer of cognac in the world.

"China will continue with the two-way opening of its financial market. For example, there is still big room to allow more overseas financial institutions to sell onshore yuan-denominated bonds. It will help promote greater two-way flow of capital and help lift the profile of the Chinese currency in the global markets," said Xu Hongcai, deputy director of the economic policy committee of the China Association of Policy Sciences.

"China's cross-border e-commerce is developing rapidly, and the logistics and freight transport system within the SCO countries has relatively improved, which in turn will boost economic and trade cooperation between China and SCO countries," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"Compared with traditional railways, the cost of using such a transportation system will also be reduced by at least 80 percent. It shows to the rest of the world the future direction of smart transportation for cities, ports, and logistics," Yin said.

"Core technologies cannot be bought or traded, they must be created by ourselves," he wrote in a commentary for Guangming Daily, adding that some technologies have even become China's major bottlenecks and hidden security risks.