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Regarding the foreign securities firms' more ambitious goals in China, Richard Huang, partner at McKinsey& Co, suggested they should give full play to their abilities in managing more complicated products and structures. They should focus on comprehensive wealth management rather than attracting retail customers, he said.

Regarded as a leader in 5G, China is forecast to invest 4 billion in 5G by 2025, GSMA said in an earlier report.

Recently a 23-year-old parrot attracted much attention from the customers of a restaurant in Changchun, capital of northeast Jilin province.

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Referring to the upcoming informal meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, Wang said he believed the two leaders would reach more strategic consensus on bilateral ties and major issues of common concern.

Recent reports of the recovery of small and medium-sized enterprises are great news for China's real economy. The government policies that made this possible are partly a response to the economic disruptions caused by the COVID-19 pandemic, but they predate the coronavirus and are designed to support and upgrade the nation's SMEs.

ROK President Moon Jae-in talks with Kim Yo-jong in Seoul. Kim's appearance at the Winter Olympics has intrigued both ROK and international media. [Photo/Agencies]

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Recently, Pyongyang has cut off all communication lines with Seoul and blown up the liaison office building near the border with the ROK in protest against the sending of anti-Pyongyang leaflets by defectors and other activists in the South.

Rail freight routes via Suifenhe have reached Germany, Belgium and Russia, helping to fuel the domestic and international economy.

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Ralph Wilcox, USF provost and executive vice-president, acknowledged during a news conference last week.