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He said at least a dozen electric carmakers approached him for new funds. But he had to pass on most of them as they were not able to set themselves apart from the crowd.

He said China will better protect intellectual property rights and the legitimate rights and interests of overseas businesses, as well as make sure that they are willing to invest and develop in China.

He said despite the need to maintain close cooperation for economic growth, it's important to take necessary precautions to avoid spread of the coronavirus. He said countries should avoid stigmatization that can sometimes accompany situations similar to the outbreak of the virus.

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He said his firm has seen a surge in bankruptcy-related disputes in recent years, with the Beijing branch alone handling more than 500 last year.

He praised the ideas of President Xi, like the economy's "new normal" and the Belt and Road Initiative.

He said now President Xi Jinping is bringing China into the center of the international community, which it deserves in terms of history, population and economic clout.

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He said AI courses in universities are conducive to filling the gap for application-focused talent, but it may take longer to nurture researcher-oriented talent, who can pioneer in genuine technology breakthroughs.

He said a more innovative approach should be adopted to help inform Hong Kong residents, especially young people, to create better understanding of the area and its broader prospects.

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He said handset manufacturers such as Oppo Electronics Corp, Vivo Mobile Communication Technology and Gionee Communications Equipment Co Ltd, would join hands with e-commerce giants to come to first-tier cities with flagship products in the current year.

He said Africa has been very successful in taking care of wildlife and "there is increasing partnership between Africa and China."