Wang Peng, deputy director of the China Center for Information Industry Development, said intensified efforts to cut overcapacity will add more impetus to the industrial economy and improve economic quality.
Wang likened the innovations of blockchain to the groundwork for the construction of tall buildings.
Wang especially mentioned some high-risk phenomena, such as local governments' large contingent liabilities, rising bond defaults and property market risks.
Wang reported negative result in his nucleic acid testing on Oct 5, but his nucleic acid testing result came out positive in the latest routine test conducted on Oct 15, said the statement.
Wang Lu, an Asia-Pacific oil and gas analyst at Bloomberg Intelligence, has forecasted slower growth for the refinery sector in the next five years because of limited capacity. "China no longer plans to boost refinery capacity and refiners are gearing up to produce higher-quality fuels with less sulfur to reduce pollution," she said.
Wang Wenbin, a spokesperson for the Chinese Foreign Ministry, speaks at a news conference on July 23, 2020. [Photo/Ministry of Foreign Affairs]
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Wang called on the CNDCA members to "implement the spirit of the 19th CPC National Congress, fully understand the historic significance and rich connotation of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, bring their close connection with business circle into full play and advise on key economic issues."
Wang said China welcomes the participation of Prime Minister Mahathir Mohamad in the second forum, which is set to encourage broader prospects for bilateral, all-around cooperation.
Wang said Putin made an important contribution to the success of the forum.
Wang said macro and regulatory financial policies will be more focused on providing support for the real economy. Greater attention will be paid to ensure compliance, steadiness and security of financial sector enterprises, he added.