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As the world's second-largest consumer and importer market, China boasts nearly 50 trillion yuan ($7 trillion) in consumption, over 50 trillion yuan in investment, and 20 trillion yuan in imports, with tremendous growth potential in many areas, said Chinese Premier Li Qiang at the opening of this year's Summer Davos. China is intensifying efforts to expand domestic demand, aiming to become both a "manufacturing leader" and a "mega-sized consumer powerhouse", thereby creating vast new opportunities for global businesses, Li said.