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Levi's set up a big data and artificial intelligence team in China earlier this year which works as the data center for Levi's in Asia. The findings from this team in China will also serve all the other markets for Levi's, she said.

Li Zhanshu, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joins a panel discussion with the deputies from Jiangxi province at the first session of the 13th National People's Congress in Beijing, capital of China, March 5, 2018. (Xinhua/Ding Lin)

Li also said the relations between Japan and the DPRK are restrained by the two countries' stances on nuclear issues. "The Japanese government is concerned that it will be excluded from the nuclear negotiations and DPRK's weapons tests will threaten its national security. Pyongyang, however, says Tokyo only considers its own interests in nuclear issues," Li added.

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Li called for a deepening of reform and opening-up, more innovation and an improvement in the business environment, along with an easing of tax and fee burdens.

Lew said that China will benefit from increased US investment in service sectors such as finance and insurance, while the United States could benefit from foreign direct investment from China, which helps create jobs.

Li Chang, CEO of WeatherTech (Beijing) Co Ltd, said Munich Re was an ideal partner when it comes to combining digital expertise with new insurance products.

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Li Fei, vice-president of Zoho China, said that businesses need to have an edge over other businesses and "this calls for continuous monitoring of cloud environments’’. "Site24x7's entry into the China market brings in expertise and performance monitoring practices to address the growing business and IT challenges in the region, " he said.

Li Li, research director at energy consulting company ICIS China, also suggested that the government should encourage the construction of gas storage tanks to prevent future gas shortages during cold snaps, considering the country's high dependence on oil and gas imports.

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Li Jian, Jizhou's vice-director, said the district has closed up to 12.46 square kilometers of mines, and an additional 50 sq km have been shut down in surrounding areas.

Li Xiongwei, deputy director of the city's economy and informatization commission, said the plan is to organize the city's enterprises by supply chain, thus upgrading and promoting high-quality growth in the private sector.