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"China welcomed the agreement and appreciated the cooperative attitudes of the EU in negotiations," said Gao.

"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"Chinese consumers are increasingly pursuing snack foods that are healthy, high-quality and safe, triggered by the constant consumption upgrade trend in the country. In the next few years, higher-end snack food will account for a larger market share, and raise the average price of the sector," said Neil Wang, president of consultancy Frost and Sullivan.

"Chinese companies have been actively involved in the development of these new requirements, and they will be among the players driving implementation of these new technologies," Zhao said.

"Currently, our vehicles are able to achieve level two automation. Next year, they will be level three," Zeng said. The company will gradually realize automated parking and self-driving on highways, he added.