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Given interconnectedness, the turmoil in Hong Kong cannot be much quarantined from all China, where stability has been the foundation for reform and development. In his domestic policy, President Xi pledges to win the "three tough battles"－preventing financial risks, reducing poverty and tackling pollution.

Given the complex global economic situation, it is necessary for China to continue its reform and opening-up policy, besides participating in and promoting multilateral cooperation in order to achieve sustainable economic development.

Given the sharp decline in the average retail price, it is likely that the coffee market size would not see any major changes this year, Wang said.

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Ghulam Sajid, who is from Pakistan and obtained a permanent resident permit in China in 2013, said such upgrades will be much welcome and helpful.

Gesang said it was a joyful moment, more so because he could finally go home.

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Gita Gopinath, chief economist for the International Monetary Fund, speaks during a media briefing during the 49th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan 24, 2019. [Photo/IC]

Geng said Portuguese President Marcelo Rebelo de Sousa sent a letter to President Xi Jinping, expressing Portugal's admiration for Macao's economic and social development over the past 20 years as well as the SAR's successful practice of the "one country, two systems" principle.

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German audio giant Sennheiser Electronic GmbH & Co is bullish on the rising consumption power of Chinese millennials and is looking to tap new growth seams in the sector in the future, according to top company officials.

Given global market demand, many Chinese companies have gradually shifted their focus to high-end industrial research and development. This has led to strong technical breakthroughs in high-tech sectors such as robotics, computers, telecommunication and in upgraded consumer electronics products, Sun said.