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He called for continuous efforts in promoting reform and opening-up, better use of countercyclical policies and stabilizing the expectations of businesses.

He noted that although it is good to raise awareness of counterparty risk management in the long run, the market is still concerned about whether or not it will cause a rapid shrinkage of interbank financing, investment and lending in the short term for the reason that a rapid and forced shrinking of banks' balance sheets may trigger systemic risk or have an unexpected economic impact.

He made the remarks at the ASEAN+3 Bond Market Forum in Shenzhen last week, jointly held by Shenzhen Stock Exchange and the Asian Development Bank. It was the first time that a Chinese bourse had held a meeting of leading financial organizations of ASEAN countries, China, Japan and South Korea.

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He noted that piracy, instead of rising ticket prices, may well be the reason why there has been a decline in visits to the cinema.

He cited as examples the locally developed smart wristbands worn by people being quarantined, temperature-taking robots and the reusable fabric CuMask, which was developed by a public research institute and can be washed and reused up to 60 times. The government distributed the masks to all residents free of charge in May and June.

He is also amazed by the ample human resources that China could provide to overseas entrepreneurs and the fast growing digital marketing platforms in China.

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He called on the public to firmly reject violence. "Don't let hate and violence take root in and spread over the society."

He has been practicing this martial art for 60 years. Wing chun, which originated in the Qing Dynasty (1644-1911) in South China, has become popular worldwide through action films about its renowned masters Ip Man and Bruce Lee.

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He made the remarks in an interview with Xinhua after 17 Chinese students received scholarships under the Orange Tulip Scholarship (OTS) program in Beijing on Friday.

He is also amazed by the ample human resources that China could provide to overseas entrepreneurs and the fast growing digital marketing platforms in China.