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"But the foreign exchange reserves are expected to remain stable in the future" because of China's sound economic growth momentum and its deepening of opening-up in its financial sectors, as well as the steady global economic recovery, according to the spokesperson.

"By his policy of opening and reform, Deng set a new path for China that brought extraordinary economic growth, improved the lives and raised the educational levels of the Chinese people, linked China more deeply with the outside world, and improved relations with the major countries of the world," said Ezra Vogel, a professor at Harvard University and author of the 2011 book Deng Xiaoping and the Transformation of China.

"By listing on the Nasdaq, Aurora hopes to further enhance brand awareness and attract more talents to better grasp business opportunities of China's fast-growing big data industry," Weidong Luo, co-founder and Chief Executive Office of Aurora told Xinhua after the opening bell.

"But we have still found that some courts never penalize a defaulter who illegally ignores a court verdict," Liu said, ordering them not to be hesitant in resolving such cases.

"China has a promising future with its growing power in the international society, and it gives young people more opportunities, which I believe will attract lots of job seekers abroad," he said.