Wang made the remarks when meeting the press after talks with visiting Mongolian Foreign Minister Damdin Tsogtbaatar. He was asked to comment on the US decision to consider imposing more sanctions on the Democratic People's Republic of Korea (DPRK) after its recent missile test.
Wang agrees. "Consumption is upgrading. It has become more sensible and pragmatic, with the previous practice of people showing their wealth with things they use gradually fading. In its place, there is this pursuit of quality inexpensive products."
Wang made the remarks when meeting with Urbino Botelho, foreign minister of the western African country, on Monday in the nation's capital Sao Tome.
Wang said that the two countries should also properly address differences through dialogue and communication, not allowing maritime issues to affect bilateral ties.
Wang said he dreams of owning a house in urban Beijing one day in the future when he hopes their incomes will rise on higher wages, and property prices will be lower.
Wang Lei, president of Alibaba's local services company-Ele.me and Koubei-said the new services, which center on digitalization, are creating more jobs and helping upgrade the traditional services sector.
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Wang added that China is willing to strengthen communication with the DPRK and continue to play a positive role in seeking a political solution to the Korean Peninsula issue.
Wang Leyi, 78, secretary of the Party committee of Sanyuanzhu village in Shouguang, Shandong province, checks green peppers grown locally. [Photo/Xinhua]
Wang said the EU's conclusion lacks factual grounds, urging the EU to correct wrongdoings. He said China will take necessary measures to protect the interests of Chinese enterprises.
Wang Jun, head of the State Administration of Taxation, has vowed to improve the efficiency of China's tax regime.