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China is facing "significantly increasing challenges in terms of financial risk prevention and tackling", but given the country's sound economic fundamentals and its pre-emptive approach to controlling financial risks, the financial sector remains well under control－that's the key takeaway from two major developments last week.

China is also expected to have an important position in Audi's digiltalization and electrification efforts.

China is ready to work with Russia to comprehensively implement the important consensus reached by the two heads of state and promote high-quality development of investment cooperation, so as to yield more pragmatic achievements and enrich the China-Russia comprehensive strategic partnership of coordination for a new era, Han said.

China highly appreciated Kiribati's decision, said Wang in a news conference following the signing ceremony.

China is seeking to balance domestic development between different regions. For the same purpose, the UK has proposed plans such as the "Northern Powerhouse" and the "Midlands Engine for Growth". This Summit, together with China-UK Joint Economic and Trade Commission, provides an excellent platform for the two sides to deepen understanding of each other's development strategies and dovetail relevant plans so as to create a better environment for business cooperation.