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Manessah Alagbaoso, the head of Africa China Integration at the Standard Bank, said that the move would revolutionize trade between China and Africa. It will leverage the capacity of Standard Bank. Alagbaoso said Zhejiang International Trading Supply Chain Co. Ltd has been nominated as the first Chinese trade agent.

Malo added that China had granted Panama favors in maritime affairs, and "ships with a Panamanian flag will have a preferential berth in Chinese ports."

Ma took the crown thanks to more than one-third rise in Alibaba's share price, which was 0.34 in New York on Friday.

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Major Chinese snack producer Bestore Food Co Ltd made its debut on the Shanghai Stock Exchange on Monday through a first-ever online initial public offering ceremony. The company said it will mainly develop high-end snacks in the next decade to cater to the growing appetites of quality-conscious Chinese consumers.

Ma said he knew his era would come to an end one day when the company got its first investment from Yahoo in 2005. Ma founded Alibaba in 1999 and hopes the company lasts at least 102 years, to cover three centuries. "But no one can be a CEO for 102 years, thus we need a succession system with multiple potential leaders," he said.

Ma said China is willing to share with other countries opportunities and fruits of development and provide more public goods for the realization of world peace, stability, development and prosperity.

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Ma Jianliang, director of Midea's artificial intelligence research institute, said the company has set up a research platform for intelligent navigation technology, which can be applied to service robots in the future.

Ma Yide, a law professor at Zhongnan University of Economics and Law and an NPC deputy, said the decision has a full legal basis.

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Ma Li, an official from the National Radio and Television Administration, says the documentary has provided a detailed picture of how China is strengthening its bonds with other countries by filming the day-to-day life of ordinary people.

Ma warned the DPP authorities and "Taiwan independence" forces to stop meddling in Hong Kong affairs and undermining cross-Straits relations.