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At the end of the year, companies will be grouped into six tiers based on the points they have remaining. Local governments will ask the worst-performing companies to improve their services, the guidelines said.

At the invitation of the World Trade Center Anchorage, Ren stressed at the group's annual conference that practical and concrete steps on both sides need to be taken to solve obstacles for future investment and project-execution, especially the billion agreement between Alaska and Sinopec, China Investment Corp and the Bank of China for a long-sought pipeline to move natural gas from Alaska's North Slope to Asia.

At the expo, 551 technology companies will exhibit their products and technology online with the help of virtual modeling technology. It will have 148 foreign participants, such as IBM, Intel, Kawasaki, Siemens, as well as China's world leading technology giants Huawei, Baidu, Alibaba, JD and Tencent.

At the launch ceremony, Philippine consumers experienced buying goods and services through scanning QR codes by a mobile phone app called GCash. Business owners also benefited from not having to install expensive machines as they only needed a QR code sticker which buyers can scan to pay.

At the meeting, the Chinese side said it is ready to make efforts to develop a model of mutual benefit for establishing the Kyrgyzstan-China cooperation fund, while stressing the fund should be set up on the basis of commercial principles.