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"Chinese banks have faced greater pressure in recent years to supplement capital, especially when the tightening regulations require off-balance-sheet debts to return onto the balance sheet," he said.

"China will foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other," said Cui of the proposals recently adopted at the fifth plenary session of the 19th Central Committee of the Communist Party of China on formulating the 14th Five-Year Plan for national economic and social development and the Long-Range Objectives Through the Year 2035.

"China's vehicle market has entered a new era of high-quality development, in which product and service excellence will be the key to sustained growth," said Matt Tsien, GM executive vice-president and president of GM China.

"Chinese visitors enjoyed our high-end wine called Ithaque, a red wine that our chief winemaker prepared for this year's new vintage, and they were really surprised by the Vin Gris (gray wine), a classic Moroccan wine with aroma and mouthfeel of grapefruit and candy," he explained.

"Chinese companies have a good understanding of our situation. In terms of fundamental outlook, China and Ethiopia share the same views, especially when it comes to development," he said.