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Geely Automobile's Emgrand EV is in charging. [Photo provided to chinadaily.com.cn]

Given an aging population, China faces more pension payment pressure and has been exploring ways to preserve and increase the value of its around 4-trillion-yuan of pension funds. Measures have been rolled out to allow investment in more profitable financial products.

Gion said Hungary's strategic location made it possible for the country to host one of the key infrastructure projects under the initiative. He is referring to the 350-kilometer high-speed railway that will connect the Hungarian capital of Budapest with the Serbian capital of Belgrade.

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Giving full play to ING Bank's advantages in direct banking, the joint venture will conduct business based on BOB's strategy and market positioning, he added.

Given the uncertainties in global markets, multinational companies have no plans to cut their investment plans in China as the country has been recovering more steadily from the epidemic and started exporting goods to other parts of the world, he said. China will see more FDI inflows in sectors like medical products, pharmaceuticals and high-tech industries until next year, said Ma.

Get ready for?Donald Trump vs. Jeff Bezos, Round 2.

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Global companies, including those from the United States, will keep tapping the lucrative market in China by teaming up with key industry players in the world's second-largest economy.

Geely sold 1.25 million vehicles in 2017, up 63 percent year-on-year.

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Global cooperation among all countries, from emerging markets to developed countries, is "key to solving many of our shared problems," including environmental degradation, terrorism and poverty, according to the expert.

George Kent, the deputy assistant secretary of state for European and Eurasian affairs and William Taylor, the top US diplomat in Ukraine, are sworn in during a House Intelligence Committee public hearing in the impeachment inquiry against US President Donald Trump on Capitol Hill in Washington, US, on Nov 13, 2019. [Photo/Agencies]