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"Commercial banks' general asset management business contracted last year, largely due to the newly released asset management regulations. But China's private banking sector grew unexpectedly, leading wealthy Chinese to invest in the country's key sectors to optimize social resources and accelerate the transformation of China's banking industry," said Bai Ruiming, deputy secretary-general of the association.

"Congratulations to Mei Xiang and @NationalZoo! This is the 3rd cub I have welcomed as Chinese ambassador. For 20 years, Meixiang and her kids have been adorable witnesses of China-US cooperation & a constant source of joy for the Americans. A precious gift at this unusual time," China's ambassador to the US Cui Tiankai wrote in a tweet.

"Companies from home and abroad will sign a number of cooperation agreements today, covering a wide range of areas and regions," she said at the opening ceremony of the Belt and Road CEO conference held in Beijing.

"Chinese companies acted quickly based on their experience and capacity accumulated over the past two decades, especially in the IVD sector－an area that features interdisciplinary R&D, manufacturing and laboratory applications involving biology, physics, chemistry, materials, optoelectronics and genetics," he added.

"Companies hungry for overseas deals should take in 'vitamins' rather than 'antibiotics'. This means doing their homework at the very start to nip any potential problems in the bud, instead of looking for a remedy when they encounter obstacles," said Wu Jianyong, a Beijing-based partner at accounting firm Grant Thornton.