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"China also has a lot of investment funding. The government is very supportive of technological initiatives and bringing agriculture technologies from Silicon Valley to China," said Hua.

"China is a top priority for Levi's and we see a huge potential and a huge long-term opportunity. In China, our performance was positive but it remains far from its potential. With China expected to be the top luxury market with over 40 percent of the global consumption by 2025, we are very excited by the opportunity," Yang said.

"China has been a staunch supporter and defender of globalization," he said. But globalization in the post-COVID-19 era may require changes to address inequality, environmental degradation and social issues, he added.

"China is a massive country with lots of famous natural and historical sites to visit," he said. "It's also a nation that is changing rapidly and has an ever-increasing role to play in the world, so that's why I wanted to visit."

"China and Panama have a historic responsibility to champion free trade or free access to the markets," he stressed.