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封闭式基金的命运穷途末路

He said Italy is traditionally an exporting country and its economy can easily be influenced by external factors, so economic reform will be needed to further unlock its potential: "The country needs outside demand to develop its economy, especially from China," he said.

He said internet companies, such as third-party payment companies, had developed a very large client base because they were more closely linked with the clients in their daily life. Some third-party payment companies have grown into financial empires, such as Tencent's online banking affiliate WeBank.

He said development programs in such regions not only bolster locals' economic standing, but also strengthen ethnic unity and, in many cases, national defense.

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He said many Hong Kong students have biased views of the mainland and thought studying at its universities must be boring and restrictive. But Jinan University has quite a liberal academic atmosphere and has implemented many policies to support entrepreneurship among students, he said.

He said China's new round of reform and opening-up policies, and high-standard international trade platforms such as the China International Import Expo will build a comprehensive platform for Chinese companies to expand cooperation with global companies in areas from equipment procurement to production capacity cooperation in third-party markets, especially in Southeast Asia, the Middle East and Latin America.

He said China has been underestimated time and again. In the relatively short time frame since its opening-up only 40 years ago, China has managed to double its economy in size every decade, and in purchasing parity terms is now the largest economy in the world.

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He praised President Xi Jinping's speech to the 73rd World Health Assembly, in which the Chinese leader highlighted the need for the world to provide more material, technological and personal support to African countries.

He said that China and Europe are two major powers, markets and civilizations, and under the current circumstances, strengthening high-level communication on bilateral relations and issues of common concern is conducive to enhancing political mutual trust, pushing practical cooperation, and promoting the development of China-EU ties.

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He said prices for the fabric have seen abnormal hikes recently because production of the fabric lags behind that of masks.

He said his factory made a profit of 300,000 yuan last year, and he expects it to double this year.