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As the domestic smartphone market becomes increasingly saturated, the Chinese brand is also stepping up its presence in overseas markets, gaining momentum abroad in the past few months.

As we both face the serious impact of unilateralism, there is a need to enhance Asia-Europe consultation and cooperation. We must be steadfast in upholding the rules-based international order, the authority of the United Nations, and the purposes and principles of the UN Charter. Disputes between countries need to be addressed through consultations under bilateral or multilateral frameworks in line with international law. And common challenges of the international community should be met with multilateral solutions and by honoring existing international agreements. As advocates and beneficiaries of multilateralism, we Asian and European countries also need to take the lead in upholding multilateralism.

As the country prepares to celebrate the 70th anniversary of the founding of the People's Republic of China this year, there are both development opportunities and risks ahead, Xi said.

As the economy undergoes a massive transformation and new economic growth engines emerge on the mainland, Xu emphasizes that the Hong Kong and mainland stock markets may become the world's best-performing bourses in the next decade, and there are "many, large and high-quality" investment opportunities for the asset management business.

As the country seeks to shift the economy toward a growth model that draws more strength from services, the tertiary industry has seen fast expansion, with the number of market entities in the sector accounting for 77 percent of the total.