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"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.

"Chinese manufacturers were often regarded as resource-intensive or labor intensive ones, but lack of competitiveness in high-tech products. As one of the stated-owned enterprise, we felt obliged to change the stereotype of Chinese manufactures and try to compete with foreign companies in some high-tech areas," said Wang.

"China will continue its efforts to build an effective price control mechanism to ensure the healthy development of the real estate market," Wang said. "We will encourage the rental market and speed up the transformation of shanty towns."

"China's opening-up of the financial sector has provided business opportunities for foreign financial institutions, as well as promoting reform and competition in the domestic financial markets," said Chen.

"Chinese consumers also become more willing to pay for digital content and services, such as online reading, digital music, mobile gaming and livestreaming," Liu said.