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"Currently, technical workers working in the frontline still have comparatively low incomes and limited choices of development of their career path," Wang said. "It is important for the government to come out with more policy incentives and to build a population of technical professionals that can meet the demand for China's industrial internet development."

"China stands against unilateralism and trade investment protectionism," Ma Zhaoxu said at UN headquarters in New York on Monday. "We believe trade disputes and frictions should be resolved in a reasonable manner.

"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"China will continue to be the world's largest market for products and services, such as industrial goods, food and healthcare services, which will offer enormous opportunities to global companies," Wang added.

"Chinese government gives subsidies to both producers and consumers of EVs. It not only boosts EV sales, but also helps realize environmental protection goals," he said, adding that the government also encouraged EV producers to invest more on research and development.