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Chinese enterprises are emerging as first-tier international players, with huge strides in research and development, but more efforts are needed if they are to continuously grow their technological prowess, said experts.

Chinese brands continue to pursue global growth and rapidly expand their international presence and stature. Only one－China Construction Bank－was listed in the 2006 ranking of the most valuable global brands; the 2020 ranking includes as many as 17.

Chinese companies including State-owned enterprises or SOEs have to tread the path of overseas M&As with care and caution, he said.

Chinese genomics giant BGI Group is applying its expertise to help Hong Kong combat its third wave of coronavirus infections.

Chinese oil futures contracts will be offered by the Shanghai Futures Exchange through its Shanghai International Energy Exchange March 26. It will be the first crude oil benchmark in Asia, where oil consumption is growing rapidly.