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He said that the 26-km Hong Kong section of the XRL will link up Hong Kong with the mega high-speed rail network of the Chinese Mainland, which has a total length of more than 25,000 km.

He said Hainan will introduce global events organizations and cultivate exhibition brands and companies, to build the island province into an internationally renowned conference destination.

He said China focused deeply on high technology development and "its shift to a more service and consumer driven economy is a very positive thing for the UK."

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He said his company cherishes the cooperation with the Chinese counterpart, values China's rich talent resources, and will take an open attitude to translate their shared cooperation vision into reality.

He said it would build sales networks and team up with local dealers, as well as handling tender and bid processes in more overseas projects, especially those countries and regions related to the Belt and Road Initiative.

He quit his diplomatic position in Vietnam at the end of 2015, with overwork's strain on his health requiring him to choose one path or the other.

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He said recent US bond yields and dollar movements underscore the uncertainty and "Asia could be materially affected given its high household and corporate leverage".

He said conclusions will be reached this year, which will be crucial for Volkswagen's development in the next decade or two decades in China.

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He previously brought an abandoned Fokker 100 - about half the size of an Airbus A330 - and transported it 500 kilometers to Dhangadi in Nepal's far west, where he also set up a museum, though on a smaller scale that this one.

He said he is instructing the Small Business Administration to provide capital and loans to businesses affected by coronavirus, effective immediately. He added he's asking Congress to increase funding for this program by an additional billion to help those businesses hardest hit by economic uncertainty over the virus.