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Devine anticipates the app will be well received in a country where 53 percent of people believe they are overpaying for rail transport, according to a 2017 survey from watchdog Transport Focus. A separate survey by accountancy company KPMG found that with such an overwhelming number of ticket options available, only 34 percent of travelers in Britain believed they had bought the best value ticket for their last journey.

Doctor Yuan Xiaolan (R, front) from Guangdong examines a patient at the People's Hospital in Nyingchi, Southwest China's Tibet autonomous region, Aug 16, 2018. [Photo/Xinhua]

Determined to win the war against poverty, China has adopted various means to reduce poverty, including e-commerce, financing, industry, relocation and improvement of infrastructure.

Digital technology will have a big impact on primary insurance in the future. We see four areas in which digital innovation will take place: in acquiring new clients, in underwriting and risk selection, around reducing the costs of the value chain, and around creating new services for customers.

Ding Wenwu, president of China Integrated Circuit Industry Investment Fund Co Ltd, said currently, money is flowing into the chip design segment, which has a lower technological threshold and quick investment returns, but more efforts are needed to bankroll the chip material, equipment and manufacturing segments.