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Another calculation could be that India hopes to rein in, or even lower, growing Chinese investments. A study showed that the amount of Chinese investment in India may far exceed official data. The growth of Chinese investment is beyond imagination with a relatively high proportion of investment from Chinese State-owned enterprises.

Apart from investment projects, the influx of high-quality international brands has also hastened the consumption upgrade in the Chinese market. L'Oreal Group, which has taken part in the CIIE since its inaugural edition, will introduce five new brands to China at the third CIIE in Shanghai.

Another startup Pony.ai announced last week that it has raised 2 million, which its CEO James Peng said would speed up commercialization of its autonomous driving technology.

Answering whether China and the EU will reach consensus in global trade and investment, Lu said both sides agreed to expand economic and trade cooperation, support and promote economic globalization at the 7th China-EU High-level Economic and Trade Dialogue in Beijing last month. Both sides also agreed to fight unilateralism and trade protectionism and safeguard the rule-based multilateral trading system, he said.

Another ratings firm, China Lianhe Credit Rating Co, was warned by the association last year due to a lack of quality control in the ratings process, according to NAFMII's website.