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Chinese President Xi Jinping delivers a speech during the opening ceremony of the Boao Forum for Asia Annual Conference 2018 at the BFA International Convention Center in Boao, Qionghai city, south China's Hainan province, April 10, 2018. [Photo/Agencies]
China, with a huge population, multiple megacities and dozens of metropolitan areas, provides opportunities to develop for all kinds of projects, even those for very niche markets, Jiang said. Projects for niche markets, such as those only serving 1 percent or even 0.1 percent of the population, can realize mass production here in China.
China's venture capital sector has been developing rapidly, with a total of 7,055 registered funds valued at 1.01 trillion yuan (6.8 billion) by the end of May, according to an industrial white paper released on Thursday.
Chinese Foreign Minister Wang Yi answers questions on China’s foreign policy and external relations at a press conference on the sidelines of the annual session of the National People's Congress in Beijing, March 8, 2018. [Photo by Kuang Linhua/chinadaily.com.cn]
China's stock markets were closed Thursday when S&P made the announcement, and there was little reaction from the yuan.
