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China's leading appliances maker Gree Electric Appliances Inc shot down rumors of seeking a stake in Tianjin FAW Xiali Automobile Co Ltd late on Monday.

China's entrepreneurship and innovation are based on extensive public participation. Not only enterprises and research institutions are engaged in this effort, but more and more ordinary people are also joining in to make the best of their creative capabilities. This is aptly described by a Chinese idiom: Eight immortals crossing the sea, each with their own magical power. For the past three years since 2014 when we first put forward this initiative, an average of 40,000 new market entities have been set up every day, including some 14,000 newly registered enterprises. Business activity rate has stood at around 70%, and in May, the daily count of newly registered enterprises even reached 18,000.

China's efforts to invest in new infrastructure at home will increase the resilience of global supply chains. This is because, as one of the most important nodes in the global value chain, China is a critical link in the supply, production and distribution channels of companies across the world, many of which have no physical presence in the Chinese market, he said.

China's consumer inflation level is expected to remain mild, accompanied by steady annual economic growth, as supply-side disruptions brought by the novel coronavirus outbreak should be short-lived, officials and economists said on Monday.

China's high-speed rail network is expected to surpass 38,000 km by 2025, and 45,000 km by 2030, according to China Railway Corp. That is far more rail lines than the rest of the world combined.