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As a platform aggregating some 30 million key opinion consumers, Xiaohongshu has become a hub attracting nearly 8,000 international brands to set up official accounts to engage with customers. Some even launched global new product debuts via the site, by working with online influencers through vivid storytelling.

As for risks of the whole rural commercial banking sector, official data showed the NPL ratio moderately rose by 0.1 percentage point to 3.26 percent in the first quarter. The increase was mainly due to the NPL ratio surges at a handful of banks, while credit risk of the whole sector has leveled out and is under control, Zeng said.

As emerging economies with complementary aspects for mutual benefits, the economic ties between the two sides can reach their full potential, and China remains the key investment and trade partner for Mexico.

As he explained, Chinese consumers' demand for quality products, the expansion of the middle-income group in the country, and the sophistication of its consumers were the major reasons for the growth momentum of the Chinese confectionary industry this year.

As an earlier overseas student from Beijing thanks to the reform and opening up, honoree Wu Bing headed to Canada 32 years ago and later founded a software company along with her husband Zhou Songnian, who won the legend award nine years ago as a entrepreneur.