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Wang Wen, executive dean of the Chongyang Institute for Financial Studies, a think tank at Renmin University of China in Beijing, said, "The riots in Hong Kong are pushing it toward the edge of peril, and if it loses its status as a global financial center, that scenario will deal a heavy blow to its already shaky situation."

Wang estimated that China's LNG imports will see average annual growth of 17 percent from 2017 to 2020, accounting for 30 percent of the country's total gas consumption in the early 2020s.

Wang pleaded guilty during Thursday's public trial at Chongqing First Intermediate People's Court, which said it would hand down a verdict at a later date.

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Wang Zhidong (center), attorney for the Zhang family, speaks to reporters with Zhang Ronggao, the scholar's father, in Peoria, Illinois, on Thursday. ROBERT CHIARITO/REUTERS

Wang made the remarks at a sub-forum during the ongoing second Digital China Summit in Fuzhou, Fujian province. The event opened on Monday and continues through Wednesday.

Wang Ying, head of international affairs at Ctrip, the country's largest online tour agency, said many hotels, scenic spots and tour companies are offering promotions to encourage local travel, with prices reaching the lowest level for the past decade.

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Wang Yu, deputy consul general of China in Houston, spoke at the gathering and emphasized that China is always against a trade war, but not afraid of one. It's regretful to see the US administration demonstrate a flip-flop and regression behavior on the trade issue, he said, however, "China is still positioned to resolve the dispute through constructive dialogue''.

Wang noted the bike-sharing industry is currently going through a downsizing phase, requiring better operational capabilities as well as more investment in high-quality products.

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Wang said massive imports of integrated circuits and chips are crucial for the country's information industry security.

Wang made the remarks at the opening ceremony of 2018 ASEAN-China Year of Innovation, at the China-ASEAN Innovation Forum held in Beijing Thursday.