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"Civilians and their livelihood must be protected. In this connection, we reiterate the urgency of the immediate lift of the unilateral sanctions," he said.

"Current law generally imposes administrative penalties on violators of product quality law, which are too lenient," Huang said. "A system under which violators of the law would suffer devastating consequences would act as a deterrent."

"China's exports are of good quality and reasonable prices. We have seen from the experience of the last financial crisis that Chinese exporters have enough flexibility and resilience. With policy incentives, Chinese exporters will find new markets within two or three years' time," he said.

"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"China's huge market will mean a bright future for SG's development," Jiao said.