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Yi said small and micro businesses have played a crucial role in promoting innovation and entrepreneurship as well as improving employment and people's livelihoods. Enhancing financial support for small and micro businesses represents the basic requirement for the financial sector to serve the real economy and prevent major risks.

You can watch the full Recode interview here, or below.

Yi Gang, governor of the People's Bank of China, said the nation's economic fundamentals are good and the economy is well-placed to cope with external shocks, according to a statement released by the central bank on Tuesday night.

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Yuan Hui never gave up. He invested the earnings from the sand quarry and even borrowed money to continue planting trees.

Yet Chinese companies mostly follow existing innovation rather than creating breakthrough innovation, because they need to pursue clinical development programs that have higher likelihoods of success to reach commercialization and survive, Zhou added.

Youssef Nassef, a UN official who launched the Resilience Frontiers initiative in 2019, believes that: "Our (RF) work is compatible with the Chinese outlook towards adopting an ecological-friendly perspective on future resilience. RF takes into account the future paradigm shift in data technologies and how these can contribute to enhancing the human interface with nature in a way that ensures long-term resilience."

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Yu Shaogui and his neighbors were once discouraged by their village's location. But now the situation has changed dramatically, thanks to China's opening-up policy and the rapid growth of a new port built adjacent to the community.

Yuanyang county invited the 79-year-old to help protect the traditional mushroom shaped houses of the Hani ethnic group. Zhu accepted the invitation, but the task became extremely complex.

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Yu Guogang

You stressed that some countries had particularly ambitious targets for electric cars. He said India and Norway aimed for complete automobile electrification by 2030. He also added that the price of battery grade lithium in China jumped to ,000 per ton in 2016, almost tripling in one year. The thriving market has fueled China's major saline areas such as Qinghai, the Tibet autonomous region and Sichuan and Hunan provinces.