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Robin Li, chairman and CEO of Baidu, said during the nation's annual two sessions that he was hopeful his company would be able to list on domestic stock exchanges, as its major users and markets are in China. He said it would be ideal if the major shareholders were also in China.

Runciman's view, however, is that Western democracies are confronting a mid-life crisis rather than their demise. He warns, however, that a key, underlying failure of the system is its inability to tackle fundamental underlying problems in society.

Ruan Zongze, executive vice-resident of the China Institute of International Studies, said the phone call signaled that it is necessary for China and US to cooperate on the denuclearization of the peninsula

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Rong Ying, vice-president of the China Institute of International Studies, said he views the relationship on a positive future trajectory but in the meanwhile, managing differences through dialogue is important.

Ruan Zongze, executive vice-president of the China Institute of International Studies, said Trump's remarks on the currency issue are positive.

Rowse, former director-general of InvestHK, a department of the Hong Kong government, said: "It is time for some Hong Kongers to forget their dreams that outsiders are going to ride in on white steeds and solve all their problems.

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Reuters/Xinhua

Ruan said that the posture was related to burial customs at the time.

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Restrictions on foreign investment in gas stations, grain purchases and wholesales will also be eliminated.

Rising to national prominence in the 90s as Xiao Yanzi (Little Swallow) in hit TV series My Fair Princess, Zhao has starred in many box-office hits. Her directorial debut So Young was well received both by critics and audiences, becoming one of the highest grossing Chinese films of the year.