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"China is continuously launching a series of policies to increase efficient investment and household consumption and has implemented tax and fee cuts. A combination of these measures has boosted market confidence," said Peng.

"Changing terminals and services requires high costs, a long time and a complicated process, thus those companies that take the lead in winning the recognition of users first will get a huge advantage," he said.

"COSCO Shipping Specialized Carriers used to serve Chinese customers in the past, and we expect the tramp-liner services to facilitate our efforts in going global and winning clients beyond Chinese borders," said Chen.

"China and related countries are building an international platform of collaboration through the Belt and Road Initiative," said Jiang Jianguo, deputy head of the Publicity Department of the Communist Party of China and a keynote speaker at Thursday's event.

"But the global pandemic and economic situations are grim and complex. The task of preventing a rebound in infections is still arduous, and poses risks and challenges to China's economic development."