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Xu also highlighted that although China has a complete industrial system, barriers exist between industries, which makes it difficult to promote cross-industry application of industrial internet solutions.

Xi, who is also general secretary of the Communist Party of China Central Committee, made the remark ahead of Youth Day, which falls on Thursday.

Xu Lirong, chairman of China COSCO Shipping, said the business move in Peru, which covers the entire logistics industry chain, will not only embody the company's coordinated development, but also inject vitality into target countries and regions.

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Xu Dong, vice-chairman of China Household Electrical Appliances Association, said the home appliance industry constitutes part of the real economy. It has a strong ability to resist risks, and consumers have a rigid demand for household appliance products.

Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission, said earlier this year that the government needs to speed up reform in the coal power generation, heavy equipment manufacturing and steel sectors.

Xiang Ligang, chief executive of telecom industry website Cctime, said China Unicom will cooperate with newly introduced investors in the fields of big data, internet of things, artificial intelligence and cloud computing.

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Xiong said his mother and grandmother came to London to support him.

Xiamen-based Anta Sports made its basketball unit its first sports category to run independently within the Anta brand since 2014.

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Xu Yong, CEO of Beijing-based AC Accelerator, said: "The new policy will have more impact on angel investors and small, early-stage venture capital firms than mature VC firms."

Xie Yaxuan, chief economist with China Merchants Securities, said the recent mild fluctuation in the data shows that the central bank has not intervened much to support the yuan's exchange rate as the yuan became steadier in recent months.