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"Consumer demand of the 1.4 billion population is changing, and the Chinese people need more imported goods to meet their demands, which means a huge potential for growth," said Victor Gao, vice-president of the Center for China and Globalization.

"Consumers with more knowledge about cars are more willing to buy second-hand cars as it is more cost-effective," he said, adding that the average age of Kaixin's customers is under 40.

"Chinese young consumers pay much attention to smartphones, entertainment function and appearance design," DJ Koh, president and CEO of the IT & Mobile Communications Division of Samsung Electronics, said.

"Compared with consumers in other countries, Chinese consumers are considering purchasing autonomous vehicles, especially in the premium segment. In fact, compared with consumers elsewhere, Chinese car buyers aggressively seek autonomous driving features," he added.

"China will succeed in building a moderately prosperous society in all respects this year, with health becoming a huge industry," said Li Hua, deputy director of the Zhejiang Provincial Sports Bureau.