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Hua Chunying, spokeswoman and director-general of the Foreign Ministry Information Department, speaks about Hong Kong at a news conference in Beijing on Tuesday. [Photo by XUE WEI/FOR CHINA DAILY]

However, they will also need to renegotiate prices with gas sellers. The retail market may become more competitive as national oil companies will try to extend their grip to the downstream market after they lose control over pipelines, she said.

Huang Hong, vice-chairman of the China Banking and Insurance Regulatory Commission, vowed that the commission will continue to open up the banking and insurance industry and promote in-depth cooperation as the two countries embrace emerging opportunities amid challenges.

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Hu hopes the two sides can reach a phase-one trade deal as early as possible, bringing more certainty to the global economy and laying the basis for a comprehensive trade deal.

Huang Kunming, a member of the Political Bureau of the CPC Central Committee and head of the Publicity Department of the CPC Central Committee, said Xi's important thoughts on reform, development, stability, domestic affairs, diplomacy, national defense, as well as governance over the Party, state and military should be fully demonstrated on the platform.

However, the entertainment and media sub-sector saw the most devastating impact from the pandemic. The films and entertainment industries were suspended and saw a decline in the demand of advertising business.

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However, labor leaders say growing scrutiny of Amazon, coupled with the ripple effects of the COVID-19 pandemic, could usher in a new era of unionization at the tech giant.

However, with the rise of digital media, the company has over the past 10 years shifted from being just a publisher to a multimedia business by working with different TV stations and networks.

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However, infrastructure deficit may hinder the progress of building AfCFTA

However, some industry insiders are not optimistic about these new business directions.