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"Chinese consumers have increasing demands for premium brands and high-quality imported products, ranging from toothpaste and toothbrushes, mattresses, clothes and handbags, said Zeng Bibo, founder and chief executive officer of Ymatou.

"Cultivating science and technology talents is an urgent need. As a corporate citizen with a strong sense of social responsibility, IBM always sees education as the most important area. Therefore, we launched the program," said Lin Jiangang, director of IBM Greater China Group's department of brand, communications and citizenship.

"Chinese auto exports are recovering after years of decline, with Egypt being one of the biggest export destinations among the Arab states since 2015," said Wang Xia, chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade, in his speech on Thursday at the conference held in the Ningxia Hui autonomous region.

"China's goal of internet development is not to nourish a handful of companies and groom them into giants or unicorns," said Shen Yi, head of the Cyberspace Governance Research Center at Fudan University.

"Chinatown, in its own way, is evolving to cater for different tastes," he said. "We're seeing now lots of students from the Chinese mainland hanging out in Chinatown. They might come from different parts of China and have different tastes, but the businesses are responding to that."