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"Closer cooperation between two parties will expand market access and create more business opportunities along the Arctic shipping route," said Li Fengli, general manager of Shandong Port Group.

"Chinese firms are striving to become major contributors to the advance of AI technology," Wang said.

"China's recovery is encouraging, but it is far from being a 'mission accomplished'," said Shaun Roache, chief economist for Asia-Pacific at S&P Global Ratings. "Stimulus-driven demand has not yet handed over to private consumption as the driver of growth and, until it does, China's recovery will remain unbalanced and vulnerable to shocks."

"China's transition to a consumption economy focused on domestic growth is progressing on a stable path, with strong growth drivers especially for Dow's products," said Andrew Liveris, Dow's chairman and CEO.

"Chinese restaurants used to be able to bring a lot of chefs from overseas, but it's a struggle now to get those people to come here, particularly with the high cost of living here," Hansson said.