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"By fostering a close relationship between merchants and consumers through original content marketing, we aim to become the bridge and first stop for international brands entering China," said Xiong Jian, general manager of Xiaohongshu's public policy department.

"Changes do happen. More people in Hong Kong can now speak Mandarin. Exchange activities also have increased significantly, especially among young people," Tung said. "The region's major trade partners also turned from the United States and European countries to the mainland."

"China is willing to work with relevant countries to continue to uphold multilateralism and international rules, advance the process of economic globalization and build an open world economy," she added.

"By bringing together governmental, intergovernmental and non-state actors, the initiative expands the space of multilateralism and seeks to harness the provision of wide-ranging public goods while promoting connectivity and integration of markets and minds," said Adhere.

"China is committed to promoting the financial sector's opening-up, including lifting the equity cap for foreign financial institutions and providing a level playing field for domestic and foreign financial institutions," Yi said.