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"Confronted by the severe impact of climate change, China advocates a global community of shared future, greater international cooperation on energy governance, and a new round of energy reform directed towards clean and low-carbon development," said the document.

"China will actively respond to various risks and challenges, try to reduce the losses due to the pandemic as much as possible and strive to achieve stable and healthy development of the industrial economy," he added.

"Commercial banks' general asset management business contracted last year, largely due to the newly released asset management regulations. But China's private banking sector grew unexpectedly, leading wealthy Chinese to invest in the country's key sectors to optimize social resources and accelerate the transformation of China's banking industry," said Bai Ruiming, deputy secretary-general of the association.

"Crude oil imports based on blockchain technology can cut 30 percent of costs," Wang said. "Although our group company has seen good profits in recent years, we can feel more challenges in this industry, which will require us to embrace change in the future."

"Chinese designs and images appearing on the earliest Chinese exports to the West, porcelain for example, had led Western designers to 'reinterpret' Chinese style, which eventually gave rise to the word chinoiserie," he said.