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"China is one of the fastest growing cosmetics markets in the world, and that trend is definitely taking place here," said Gareth Barker, president of the personal care and aroma ingredients division at DSM, a Dutch multinational.

"Certainly it's positive, it's a very positive event," Trump said of the results.

"But more work is needed to build the basic trading mechanism before further opening-up," Hu said. "A priority task at the moment is to open the treasury bond futures market to domestic commercial banks, as according to the current law, they are still barred from such trading."

"China is going to play a much more profound role as we think about the next 50 years... There is a potential for us to do a lot together," Barton said at an economic policy forum last week organized by the University of Alberta's China Institute.

"China has a strong ability to withstand economic pressure and huge potential for economic growth. Over the past year, trade frictions between the two countries proved that by continuously imposing additional tariffs on Chinese imports, the US cannot change the fundamental trends of Chinese economic development or obstruct Chinese strategies which are committed to the central task of economic development and aim at comprehensively deepening economic system reform and expanding opening-up," Lou said.