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He added that with the launch of Kingdee Cloud Cosmic, the company has gained the technological capability to replace the products of foreign companies.

He Ping, director of the China Center for Financial Research at Tsinghua SEM, said, "Promoting blockchain technology may have a huge impact on the financial system, international trade, payment systems and corporate business models. One of the missions of this forum is to study blockchain-related financial activities to provide insights for productivity improvement and provide information for policymakers and regulators."

He added that reform of central SOEs in the past five years kicked off when these SOEs were faced with a variety of obstacles. China's supply-side reform in recent years has adjusted the economic structure and tackled low efficiency, and has successfully helped develop new sources of growth for central SOEs through market forces.

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He also stressed it would be "unacceptable" if Hong Kong, as a part of China, could not fulfill its constitutional obligation to safeguard national security.

He also underlined the significance of a strong audience base in the future. "It's about developing the audience for Chinese animated films – to create projects that are more popular with broader appeal," he said. "The most important thing is to tell a good story with interesting characters, in a way that is fresh and new, different and exciting for the audience."

He also met the foreign ministers of Saudi Arabia, UAE, Egypt and Bahrain, the four countries boycotting Qatar, in Jeddah to discuss the escalating issues.

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Having obtained a license from the Hong Kong Monetary Authority to operate a virtual bank in Hong Kong, the joint venture will integrate virtual banking into the service offerings of the well established customer bases of PCCW, HKT and Ctrip.

He added that he hoped the care centers would gradually remove resistance to the idea of nursing homes among the elderly.

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He arrived at Beijing's Peking University to study Mandarin two months ago, and since then has taken every opportunity to travel the country to "see lovely places and meet interesting people" as well as "learn all about local birds".

He added that the UK would work with its partners to liberalize international trade, "remove barriers to commerce where we can, to help our businesses and ensure greater choice and cheaper prices for consumers."