Formal:
* 爱你，抱抱你 (àini, bào bào nǐ): This literally translates to "Love you, hug you." It's a common way to express affection and is appropriate for most situations.
Informal:
* 爱你，抱抱 (àini, bào bào): This is a shorter and more casual version of the above. It's commonly used between friends and loved ones.
* 抱抱 (bào bào): This simply means "hug." It's often used as a standalone expression of affection, especially between close friends.
Other options:
* 亲亲，抱抱 (qīn qīn, bào bào): This means "kiss, hug," and is a very playful and affectionate way to say it.
* 我爱你，给你一个大大的拥抱 (wǒ ài nǐ, gěi nǐ yī ge dà dà de bào bào): This translates to "I love you, give you a big hug." It's a very warm and loving expression.
Important Note:
The best way to express "love and hugs" in Chinese depends on your relationship with the person and the context of the situation.