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"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.

"China hopes to work with all parties to build a 'Polar Silk Road' through developing the Arctic shipping routes," the document said.?

"China plays an indispensable role in this process," Teng said.

"China is now the strongest in the internet ecosystem, visible almost in every vertical, including hardware manufacturing, technology advancement, user numbers and business environment. And that gives Chinese startups a natural advantage as they go global.

"China is in the process of further opening up its services sector. The US risks losing the whole Chinese market if it pushes too hard," said Yu Miaojie, deputy director of the National School of Development at Peking University.