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"By then, production capacity of LED chips will grow by 50 percent," Wang said.

"By making clear the responsibilities and investigation methods, the supervisory power of the country has been legalized, regulated and institutionalized," he said.

"China is a huge market with unparalleled potential. China's consumption will top the world this year or next year, and China's GDP will also exceed the US by the end of the next decade. However, China's real estate transaction only accounts for about 1/20 of the US, posing great growth potential."

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"By issuing new rules, the regulator has removed uncertainties faced by banks regarding the development of online lending and created conditions for banks to more actively engage in this type of business. The banks that used to have a wait-and-see attitude toward online lending or conservative attitudes toward innovation are likely to increase investment in this respect," Zeng said.