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Catherine Mann, global chief economist at Citi, told Xinhua that productivity, appropriate capital investment, and demographics are the key foundations for economic growth going forward, noting "China is very well suited on the education side."

Catherine McGuinness, policy chairman of the City of London Corporation, said the data provided by Refinitiv's BRI Connect platform can help London's financial companies identify BRI opportunities.

Chan said the deficit increase is unsustainable and the HKSAR government has to save energy for economic and financial uncertainties ahead, as well as possible another round of epidemic outbreak in the future.

CapitaLand Group, one of Asia's largest real estate companies, will step up efforts in technology innovation in China and explore setting up buildings, malls and communities that are all "intelligent", in a bid to accelerate digitalization of its property offerings.

Chain-ing Thomas Shih, professor and founder of Taiwan BioSolultion Co Ltd, said there is a huge space for cooperation in a number of fields, especially agriculture, between Hainan and Taiwan. He expects in-depth cooperation in farm produce processing, services and R&D between Hainan and Taiwan companies.