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"Chinese scientists are facing two problems - one is bottlenecks in core technology compared with the rest of the world, and the other is a lack of subversive technological change which is also a problem for the whole world," says Gao.

"China's mining industry has been long developed, but some sub-sectors including moly, tin and antimony have the potential to increase their product grade and improve production process," she said.

"Combining Sephora's global brand resources with our technologies in 'New Retail' (that is, the merger of online and offline commerce), the tie-up is bound to bring customers a synchronized, rich variety of cosmetic products and experiences," said Liu Peng, president of Tmall's import and export business unit.

"Companies won't have to pay customs duties for the construction materials they use in the park, either," Yaroshenko said.

"Compared with other major central banks of developed economies, the PBOC's balance sheet expanded only moderately, and it has room to further cut the reserve requirement ratio and interest rates," said Zhang Xiaohui, a senior researcher at the China Finance 40 Forum, which engages in finance policy research, and former assistant to the governor of the People's Bank of China, the central bank.