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"China is not the only country working on economic structural reform. Many countries around the world are doing the same, including monetary policy normalization, after the (2008) global financial crisis," he said.
"But we need to maximize opportunities and minimize challenges by tackling anti-globalization forces to accelerate growth," he added.
"China has maintained its growth resilience and gained reform momentum," said John Litwack, World Bank lead economist for China. "The authorities have undertaken a host of policy and regulatory measures aimed at reducing macroeconomic imbalances and limiting financial risks without notable impact on growth," Litwack said, adding that this year has been a "successful" year for the world's second-largest economy "on many fronts".
"China has been one of the six global research and development hubs for L'Oreal Group. Our goal is to innovate in China, for China and to inspire the world," he said.
"China is ready to work with countries where projects are based to prevent environmental problems through effective measures," he said.