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He said ZQ 2's debut mission will ferry several small satellites or payloads to a sun-synchronous orbit at an altitude of about 500 kilometers, noting some domestic and foreign firms have reached out to his company and expressed interest.

He said Kenya has increased access of financial services to women and rural areas, while China has made great inroads in improving household welfare through women's access to finance, which has ultimately decreased poverty. "The two countries can learn a great deal from one another."

He said currently, if he goes to banks, he needs to present his passport together with the permanent resident card. "It's quite rare that I can use the card alone to show my identity."

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He said that monitoring should be enhanced to issue early warnings. Also, residents－especially those living in old communities, construction sites, tourist attractions and places easily affected by geographic hazards－should be transported to safe shelters.

He said that China is cutting its steel capacity and "the problem is going to solve itself".

He said he is also optimistic about Chinese cities' potential to improve sustainable competitiveness.

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He said thanks to China's large-scale technology platforms, the abundance of big data and mature telecommunication infrastructure, the nation has an advantage in developing integrated financial and regulatory ecosystems. They will be conducive and efficient for risk monitoring and control for customers and suppliers alike.

He pledged to “respond to this Amazon challenge in partnership with King County” during a speech outlining his proposed 2018 budget before the Seattle City Council Monday.

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He said microfinance is "a relatively ineffective way" of encouraging entrepreneurship. This is because a fixed payment schedule does not fit the needs of entrepreneurs who have to deal with the many uncertainties involved in growing a business.

He said he became homeless after losing his job 10 months ago. He started using drugs to cope with the situation, went to a treatment facility and became clean, but was then evicted from his apartment and ended up on the streets.