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Li shrugged off such concerns and said the effect of the recent financial policies on the yuan internationalization process was only temporary. China remained the largest producer of various commodities and it continued to have trade surpluses and large amounts of savings.

Li has been selling semi-cooked products on WeChat since the beginning of February. He offered Yunnan special preserved ribs as his first half-cooked product online, selling more than 300 portions in the first week.

Liang was speaking at the graduation ceremony for the fourth batch of local ICT undergraduates who were sponsored to travel to China and experience Huawei's state-of-the-art labs since the program was launched in 2016.

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Liang Feng, president of the China National Machine Tool Sales and Technical Service Corporation, who will take part in the Tianjin seminar, noted that based on last year's experience, the firm will lead a group of Chinese machine tool companies to help facilitate trade between domestic buyers and foreign exhibitors.

Li said the plant produced around 20,000 vehicles in the first two months, but it will begin firing on all cylinders starting in May after two months of adjustment. The plant hopes to recoup its losses by November and exceed the whole year's target by December.

Liang Huiling, Party chief of the Red Cross Society of China, said that "organ donation is a noble activity that saves life and reflects social civilization and development.

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Lieutenant General He Lei, vice-president of the PLA Academy of Military Science and head of the PLA delegation, told the audience on Saturday that China is always committed to resolving international disputes through peaceful negotiations and opposes to the use or threat of force.

Li made clear in the report that China faced difficult global conditions, with many countries still in lockdown.

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Liebao has already made its vehicles available in Malaysia on a test basis, after reaching a business agreement with a Malaysian partner. [Photo/VCG]

Li's students, over 20 professional Chinese singers, including Fu Disheng, Wang Lida and Zhang Ye, will join Li, performing over 30 songs written by Chinese songwriters since the reform and opening-up process began in 1978.