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Zhao Guochen, general manager of operations at Tencent Sport, knows a thing or two about what it takes, in terms of content, to engage the millennials online during mega events like the recent 2018 FIFA World Cup.

Zhang pointed out that with a large population and territory, a long history and rich culture, the Chinese state has been ruled by a "unified Confucian ruling entity".

Zhou Gengqiang, deputy secretary-general of the China Banking Association, said that along with the research and promotion of the central bank digital currency, commercial banks should have more opportunities to provide usage scenarios, as well as data and client services, in order to bring more safe and convenient products to customers.

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Zhou Qiren, a professor of the National School of Development at Peking University who attended the Monday meeting, suggested that reform needs to be intensified to see tangible results, as the scale of China's economy now is no comparison with that of the past.

Zhang said that through the partnership, BYD can become a Toyota battery supplier and expand its battery purchaser list.

Zheng Wanchun, president of Minsheng Bank, said apart from credit evaluation, there are other obstacles in the way of small business getting loans.

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Zhang said that Chinese and EU companies have been in close cooperation on 5G technology, citing Ericsson and Nokia as companies that have excelled in the next generation of mobile technology and which are working closely with Huawei in sharing patents among them.

Zhang said she aims to build an "internet platform for organic and healthy eco-agricultural products".

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Zhejiang Geely Holding Group said it is mulling an initial public offering for Volvo Cars, a Swedish carmaker it bought from Ford in 2010.