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"Cheaper, more abundant gas is the second pillar of our energy plan for COVID recovery. We've got to get the gas," he said in the speech.

"China is a big and responsible country. It's developing fast and influencing the world economy, especially that along the Belt and Road Initiative," he said. "Many countries will benefit from it."

"China is part of the global economic order; it has a vast array of investment, relationships and trading relationships all around the world," said Hormats.

"China is the world's largest trading nation, and contributes more to world growth than any other country by a huge margin. These two facts show the enormous difference China has made to world trade," he said.

"Capital is favoring medical technology. This is probably the reason for the IPO. The company could (use the funds raised to) invest in AI, or robots," she said.