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Another suggested that Chinese ownership of vineyards in France would help maintain the health of the industry.

Ant Financial Services Group has raised billion in its latest funding round, as the payment giant continued to drum up its overseas deployment and invest more in technologies.

Another move toward "sustainable" growth is to expand into 200 Chinese cities and look for more overseas opportunities.

Apart from attracting newcomers, local governments have been striving to help long-established enterprises to upgrade, finding new growth momentum to improve the local economic structures, as the region is home to many of China's largest manufacturers of automobiles, aircraft and machine tools.

Apart from policies to reduce taxes and fees unveiled at the beginning of the year, China has announced more policies to support the real economy and technological innovation, which will help reduce enterprises' burden by more than 1.3 trillion yuan this year, Liu said.