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"By encouraging the establishment of creditor committees, our banking association guided private companies to correctly understand what a reasonable debt load is. Members of the creditors committees took concerted action to help private firms comb through their debt structure, dispose of idle assets, return to core business and deleverage," she said.

"China and Kenya share a profound tradition of friendship. Our long-lasting and fruitful cooperation stands out when it comes to Africa-China relations. Our cooperation in the fight against the COVID-19 pandemic represents a proud example of solidarity in the face of a common challenge," Zhou said.

"By cooperating with Chinese companies, overseas steelmakers can gain more share in the country's steel market, which is the largest in the world," Xu said, adding Chinese companies can cooperate with foreign steel giants on advanced technologies to improve the competitiveness of their products.

"But to participate in China they will have to be competitive in China and being competitive in China means being as innovative, as productive and digital as Chinese enterprises are," Woetzel said.

"By targeting such companies, Puxin is very likely to become the third-largest player in the market after New Oriental and TAL."