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"China will adhere to international, legal, and market-based principles to actively and steadily advance the testing of issuance and trading of CDRs," said Li Chao, deputy head of China Securities Regulatory Commission (CSRC), at a forum last Friday.

"China's healthcare market is big, and enterprises have high manufacturing abilities. However, China's innovation capability needs to be improved. Through the forum, we hope to introduce good healthcare projects from abroad, to boost international cooperation."

"Compared with the world's largest spender on military affairs, the money China used for national defense in 2019 was only one quarter of that country's expenditure," he said."When it comes to per capita terms, ours was one 17th of theirs."

"Chinese students are a tremendous resource for American research and innovation. They bring a diverse perspective and unique background when collaborating with domestic students and colleagues," said Peter Leroe-Mu?oz, general counsel and vice-president of tech and innovation policy at the Silicon Valley Leadership Group, whose organization represents nearly 400 Silicon Valley's companies.

"Chinese B2B companies today care more about their reputation and sustainable connection with partners and consumers in overseas markets. They are keen to transform their products into brands," said Cai, adding digital marketing methods are key to restoring their earning ability in a smart way.