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"For Brazil, the infection of its president should reinforce the need to strengthen implementations of social distancing recommendations and the use of masks to mitigate the spread of coronavirus."

"For smaller loan applicants, the major difficulty is the information asymmetry," he said. "How to reduce default risks of unsecured loans by monitoring the cash flows of companies is also a challenge, because small and micro enterprises are asset-light and short of pledges."

"For our part, Sany has made great efforts in digital and intelligent transformation in a bid to achieve high-quality growth," said Liang.

"First of all, we have established new trading platforms, including those for internet commerce, and there is more trading of agricultural products and oil and gas equipment than ever.

"Global interdependence will only continue to grow and unless countries face it in a spirit of collaboration, not conflict, the world economy cannot prosper," he said.