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Li said: "Running a startup is never easy and the intelligent electric car business is even more difficult. We should be prepared to meet more difficult challenges and more setbacks."

Li made the remarks while presiding over an executive meeting of the State Council.

Libor is the most widely used benchmark that emerged in the late 1960s to support the burgeoning syndicated loan market. It is formed by collecting interbank offered rate quotes from a panel of banks, which reflects the pricing level at which banks could borrow funds from each other.

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Li made the remark as he sent a congratulatory message to the launching ceremony of the China-ASEAN Year of Innovation on Thursday. The ceremony, along with the China-ASEAN innovation forum, opened in Beijing on Thursday.

Li noted that one of the reasons behind this is the national-level policies. In October 2017, the government issued a guidance on promoting energy storage, giving a strong impetus to grid operators, battery companies and others to open up new businesses in energy storage.

Li hoped that all parties can make a good use of the newly established mediation platform to protect their legitimate rights and promote trade and investment liberalization and facilitation.

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Likewise, Grandma Adela hid the truth about her past from her husband. Now widowed, she is wracked with feelings of guilt for not sharing her secret with him. She resolved to tell her children, but remains unsure whether unburdening herself after all these years will make up for withholding the truth from the love of her life.

Li, the lawyer, told China Daily he had suggested that Jin conduct a physical check before making the decision.

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Li is also a diehard sneakerhead. He owns over 1,000 pairs of sneakers. He keeps buying at least a pair every week "to stay passionate about the business".

Li, speaking at the Seventh China-Japan-ROK Business Summit in Chengdu, said the establishment of a free trade zone between the three countries will further give play to complementary strengths and make the trilateral cooperation more beneficial to the three peoples.