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As China calls for higher-quality development, Fujian province is ramping up its efforts to enhance homegrown brands amid the country's broader push to build awareness of its own products.

As 2020 begins, China's modernization drive continues to gain momentum.

Arun Ponnusamy, chief academic officer at Collegewise, an educational consultant company, said that to some of these parents, sending their kids to prominent schools is a symbol of prestige and reputation.

As China managed to turn the service sector and consumption its main growth drivers, its economy has shown notably higher stability and sustainability. "This is the natural result from economic restructuring and upgrading," he said.

Apple futures contracts were listed on the Zhengzhou Commodity Exchange in late 2017, while Chinese jujube futures contracts were listed on the exchange on April 30 this year as part of the country's ongoing efforts to leverage capital markets to alleviate poverty.