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However, Gao, while welcoming the government's move, says it can present a lot of challenges.

However, behind the seemingly bleak outlook, there is a silver lining in terms of the diversity in some other African countries keen to invest heavily in infrastructure projects to boost growth, often with China's involvement.

However, Kenya's bond yield at 10 percent is attractive enough to attract foreign capital.

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However, cross-border securities supervision and inspection of Chinese companies should be carried out by the China Securities Regulatory Commission based on Chinese laws and regulations. In this sense, the bill is in contrast to the Chinese laws, said Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology.

However, he noted that the Chinese yuan is still some way off from becoming a true "safe haven" currency. "China needs to tackle its banking and financial sector leverage problems energetically and continue moving on a liberalizing track," he said.

Hong Rong, founder of Shanghai-based investor platform Hongda Education, said it is critical to ensure a phase-in of the registration reform to avoid any bumps in raising funds that could put heavy pressure on market liquidity.

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However, Trump's National Security Advisor John Bolton ruled out the possibility on May 4th, saying the United States has no plans to change its defense posture in ROK.

Hou Jinlong, president of Huawei's cloud and computing business group, delivers a speech on Friday. [Photo provided to chinadaily.com.cn]

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However, he expressed the hope that dialogue will eventually prevail. "Though our current political climate has trained us into our monologues, our instincts for dialogue run deeper."

House Democrats unveiled a 3.4-trillion-dollar relief proposal in May, but didn't gain support from Republicans. Senate Republicans put forward a 1-trillion-dollar package in late July, and failed to advance a slimmed-down proposal earlier this month. Pelosi has recently insisted that Democrats won't accept any package lower than 2.2 trillion dollars.