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He said it is not very likely the quantity of labor can increase in the short run. Hence the market needs to see more investment in human resources to train more skilled workers to make up for the shortfall.

He said sports marketing is all about brand-building over the long-term. It requires continuity and stability. "Coca-Cola, for example, has sponsored Olympics for about 90 years, and the soccer World Cup for over 40 years, while releasing related ads and limited-version products during the events, so that its brand image can be passed down from generation to generation."

He pledged to improve shadow banking regulation and transparency and monitor non-performing loans, capital outflow and divergent movement of property prices in cities in order to prevent systematic risks.

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He pointed out that a trade war will cause a decline in the economic activities throughout the Western world, warning the US to stop before throwing itself into extraordinary difficulties.

He said that all ethnic groups in China should hold together like pomegranate seeds to achieve the great rejuvenation of the Chinese nation.

He said China is ready to work with Singapore to jointly promote the construction of the Southern Passageway for ASEAN and deepen cooperation with the country in key areas such as infrastructure, connectivity and finance.

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He said that over the long term, Africa's share of international trade has remained between 2 and 3 percent and that the continent's competitiveness needs to be supported by structural transformations, from production of raw products to added value.

He said that after the first trial, engineers will check the test results and fine-tune the carrier's equipment accordingly. He said the trial run must have been successful, adding that he based this conclusion on the fact that the Navy published many pictures of the operation together with the statement.

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He said another concern is that this route is environmentally damaging, posing a grave and irreparable risk to wetlands, seagrass meadows and coral reefs. "The crucial question is how the pros and cons are balanced."

He predicted demand for overseas marketing strategies will soar in China as more Chinese companies are selling abroad.