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He added that social commerce will become the mainstream method in the e-commerce industry, and will attract more tech giants and capital as the cost of acquiring consumers' data flow is relatively low.

He also suggested having more backup plans with more compromises in case reforms are not "very successful", so as to maintain and support the free trade system and curb protectionism.

He Lifu, chief forecaster at the center, said the rainfall in the south will be the heaviest since the flood season began last month.

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He added that so far in China, face detection and recognition has been applied successfully in practical terms, which relies largely on the combination of deep learning and big data.

He added that it is necessary to give internet-based companies such as Didi room for trial and error to create a positive environment for innovation.

Having managed both Scoot and Tigerair, Lee said the new, bigger Scoot plans to add more destinations in the long run. The average load factor for all its flights to China from Singapore are above 80 percent, which is fairly healthy.

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He added that Macao will actively guide the region's youth to come to Hebei and participate in the province's innovative and entrepreneurial activities.

He Jinyi, a livestreaming saleswoman, discusses black fungus during an online broadcast at an exhibition center in Jinmi on July 21. ZHANG YUAN/CHINA NEWS SERVICE

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He added that in general, more Chinese are traveling, thanks to their country's growing economy and rising incomes.

He also believes the economy is in stasis, relying heavily on trade and financial services and not embracing technology like the Chinese mainland or similar-sized economies such as Singapore have done.