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Compared to the previous year, more private firms engaged in foreign trade in 2019, Zou Zhiwu, vice minister of the GAC, said at a press conference.

Companies listed as investment opportunities as part of the new program include supersonic jet manufacturer Boom and men’s health product maker Roman.

Companies attract applicants by registering and posting job openings. But the problem for the sellers is that only certified corporate accounts can post openings and download resumes.

Commerce Secretary Wilbur Ross told CNBC in the morning that he expects trade actions between China and the US will likely lead to a negotiated deal.

Compared to the West, China's enterprise software industry has been slow to take off, says Raymond Wang, global partner at consultancy Roland Berger. "Roughly 20 percent of office workers in Europe and the United States are familiar with distance conferencing, whereas its penetration rate in China is between 1 to 2 percent," Wang said. "There's definitely plenty of room for growth."