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Wang is a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee.

Wang added the sustainable development of any retail business is built on accurate insight into user needs and satisfaction of their needs, which actually tests the retailers' ability in the fields of supply chain, technology and scenario construction.

Wang made the remarks during a meeting with French Foreign Minister Jean-Yves Le Drian on the sidelines of the 74th session of the United Nations (UN) General Assembly high-level events week.

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Wang called on the two sides to ensure the stability of industrial chains and supply chains on both sides to reduce the epidemic’s impact on pragmatic cooperation.

Wang Youxin, an analyst with Bank of China, said market expectations for depreciation of the yuan's exchange rate have made a switch this year, as data show companies and private sector have greater appetite for settlement.

Wang Mingjie in London and Ren Qi in Moscow contributed to this story.

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Wang said that the statement explained the two countries' common positions on almost all international issues. China and Russia have become important stabilizing forces in the current international situation, he added.

Wang reiterated China's attitude towards Intermediate-Range Nuclear Forces (INF) Treaty, saying the country will continue to take an active part in the international arms control process. He also announced that China has initiated domestic legal procedures to join the Arms Trade Treaty.

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Wang Yang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, attended the meeting.

Wang Yinshi,a retired employee of Jilin University,has developed a great interest in handcrafted items and created these inventive works of art himself. [Photo provided to chinadaily.com.cn]