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Anta group released its 2019 fiscal report on March 24, 2020. [Photo provided to chinadaily.com.cn]

Another former minister and NCP leader Surendra Pandey said that China has become a model for those who attach great importance to China's intellectual, political and economic experience in achieving socialism.

Ant Financial, owner of one of China's largest payment platforms — Alipay, was spun out of Alibaba in 2011, and runs other businesses like money market fund — Yu'e Bao and credit scoring — Sesame Credit. As a document to potential investors seen by the Financial Times showed, it claims to have 622 million users, 520 million of whom use Alipay, and manages 2.2 trillion yuan (5 billion) worth of assets.

Apart from running, like many other Chinese parents, Tian Tongsheng also crams little Tian with all sorts of extra-curricular activities, mostly on sports, such like baseball and taekwondo.

Announced on Saturday as one of 72 outcomes of the ninth China-UK Economic and Financial Dialogue held in Beijing, the fund is being hailed as a new milestone in the "golden era" of China-UK relations that began in October 2015 when President Xi Jinping met Cameron during Xi's state visit to the UK.