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China's approach to address major risks, poverty and pollution, "could set a global standard for using the major challenges of our time as drivers for innovation", said Dennis Pamlin, senior adviser at the Research Institutes of Sweden. "With this new initiative, China could actually shift the global innovation focus."
China will further financial opening-up and promote high-quality economic growth, which will help stabilize the foreign exchange market as well as overall foreign exchange reserves, although global economic growth is slowing and there are still many external uncertainties, Wang said.
China's PE market saw a 22-percent decline in average deal volume last year, and renminbi funds financing further shrank for tight regulation, according to a report released by global management consulting firm Bain & Company.
China's automobile sales witnessed 12.8 percent year-on-year growth to reach 2.57 million units last month despite the COVID-19 pandemic coming under control, the report said.
China's action was in response to the Trump administration's publication of a list of about 1,300 Chinese exports - also worth about billion annually - that it intends to target with 25 percent tariffs.
来源：资阳报