He said supervisory loopholes were at the root of many problems regionally and throughout the system.
He said real estate investment decreased by 16.7 percent in November year-on-year, while non-real estate investment increased by 78.1 percent year-on-year, of which the manufacturing industry increased by 109.6 percent year-on-year.
He said that if the bypassed the WTO and took unilateral measures, it would be against the WTO rules and an act of trade protectionism.
He said 2016 is an extraordinary year for China as it has achieved progress in many aspects, urging the international community to work together to build a more peaceful and prosperous world.
He said President Xi Jinping and Kenyatta had lifted the status of the China-Kenya relationship to a comprehensive strategic partnership of cooperation in May 2017, heralding a bright future for bilateral ties.
He said resolute efforts should be made to leave no one unattended while all-out efforts should be made to treat and save patients.
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He said Wey will enter the North American market in 2021 with two or three mid-size or compact SUV models. The company also plans to build factories to manufacture the cars locally. It is currently searching for locations.
He said that low power consumption means smart phones in the future made with carbon-based chips could have a much longer battery life, and their front cameras may have the same pixel as the back cameras.
He said that "while it is impossible to truly estimate the impact of these tariffs, roughly billion in two-way trade through our airport and seaport will potentially face some level of increased tariff".
He predicted that the real estate market will maintain this trend if there are no significant changes in housing loan policies.