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He said that Sugar smartphones sold at airport retail outlets increased sales by more than 80 percent a month after its launch and the coming National Day holiday is expected to produce another sales peak.

He said AI has contributed to an efficiency revolution in finance by lowering the cost of lending, and therefore making lending more accessible for consumers who were previously underserved.

He said Bangladesh is a very close neighbor of China and geo-strategically located between South Asia and Southeast Asia.

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He said several controlling stake transfers were implemented this year in sectors with full competition. The investor mix was also enriched with capital from the private sector. In addition, supportive government policies enabled greater nonpublic capital participation in the mixed-ownership reforms.

He recalls teachers had to trek to the local flour mill with empty sacks on their shoulders and lug full sacks back when the university was under construction.

He proposed China and EU should speed up their bilateral free trade process, conclude negotiations on BIT and start negotiations on China-EU free trade agreement as soon as possible.

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He said that global institutional investors have not allocated Chinese assets with high positions. But with the increase in the status of China's economy and currency, more and more foreign funds will flow into China.

He refuted statements by some rioters, who claimed that "breaking the law to achieve their goals was a noble cause".

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He returned to the United States and, in 2004, sold his house, and brought his wife and two sons back to China to embark on a two-year odyssey across the country.

He pledged to open more space in the defense sector to private enterprises and break vested interests, saying obstacles to private companies' participation must be removed.