Though China is a global heavyweight in terms of the manufacture of electric vehicles, when it comes to developing core technologies in the field, it still faces some difficult challenges, according to Chan.
This year marks the 55th anniversary of China-France diplomatic relations. Wang said that as permanent members of the Security Council of the United Nations, China and France should keep close communication and cooperate to deal with various challenges.
This video is the 13th in our series, The Flaming Happiness.
This year, more than 4,000 guests from over 60 countries in Europe, Asia and the Americas are taking part in the forum.
This will release about 400 billion yuan (.4 billion) in liquidity into the financial sector.
This year's awards ceremony will have one main forum and eight sub-forums, attracting more than 1,000 guests. Several industry leaders will deliver speeches during the ceremony, which will include some of the latest digital technology.
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This year, Xue Qikun, vice-president of Tsinghua University, received first prize for discovering the quantum anomalous Hall effect in 2013.
This year's celebrations were grander than ever before from scale to content, Chan said.
This will affect the deliberation of over 40 items of agenda for the LegCo finance committee, involving over HK billion of appropriation, with most of these items concerning the city's livelihood, according to legislator and chairman of the finance committee, Chan Kin-por.
This year marks the 65th anniversary of the establishment of China-UK diplomatic relationship at the level of chargé d'affaires. The most prominent characteristic of China-UK relations over the past 65 years has been our innovative and pioneering spirit.