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Another local brand, Wuling, saw its sales grow 26 percent year-over-year to more than 270,000 units. Its first all-electric model – the Hong Guang MINI EV – has become the best-selling new energy vehicle model in China. Deliveries in the third quarter topped 28,000 units.

Another possible trouble spot is China’s willingness to experiment with its own technology standards that don’t always line up with the standards used by the rest of the world. Should cloud computing techniques used by Chinese cloud providers become an essential part of operating a cloud service in the country, cloud providers might have to make hard choices about offering two types of services to customers inside or outside of China, or whether to bet heavily on the Chinese standard they’ll have to offer if they want a piece of this huge growing market.

Another report released by market research company Euromonitor International estimated the sales revenue of theme parks in China will reach billion, overtaking that of the United States, which is forecast to be billion.

Apart from calling for concerted efforts to reform the WTO and stabilize global trade, Kawai underlined the importance of strengthening international cooperation in the areas of vaccine and antiviral drug development, assistance to low-income and lower-income countries, and policy support for personal incomes and small business.

Ant, with 33 percent owned by e-commerce guru Alibaba Group, announced a concurrent IPO plan last month and since then has kicked off a process for what's likely to be the largest fundraising in global finance.