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Another key driver of domestic consumption and economic growth is China's urbanization, which could give rise to stronger demand for production materials such as steel and cement, he said.

Anthony Wu, A-share Capital Market leader of Deloitte's National Public Offering Group, said that the technology-focused STAR Market, which began trading at the Shanghai Stock Exchange on July 22, is the driving force of the A-share market. A total of 33 companies have been listed on the new tech board with the financing amount reaching 47.2 billion yuan.

Apart from that first seminar five years ago, Xi conducted two similar seminars with foreign experts — one in Shanghai in 2014 and the other in Moscow in 2015 — showing the great value he places on foreign talent in China.

Another Polish logistics company, PKP Cargo, is making similar changes to meet the development of rail freight transport between China and Poland within the next few years.

Another source said the automaker was also eyeing a US-based plant but gave no further detail on locations.