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"Each court must meet the requirement to punish offenders and free the innocent," he said, urging courts to fight crime and avoid wrongful convictions by strengthening the quality of case hearings.

"Even though the West likes to think China is not innovative, they are innovative in a different way, much more market-driven, more application-driven," Walker said.

"Digitalization is a key driver and enabler of transformation for companies in the Chinese market. It has become one of our largest markets globally," said Michael Dell, founder, chairman and CEO of Dell Technologies, at the company's tech summit in China in October.

"Effectively facilitating SMEs online and offline, the eWTP Cainiao train connecting Liege and Yiwu has achieved breakthroughs in cross-border merchandise trading via railway routes, and is bound to be an important pillar of eWTP's global service network," said Eric Jing, chairman and CEO of Ant Financial, Alibaba's financial arm, during an event Wednesday.

"Ensuring effective transmission of the monetary policy has always been a challenge for policymakers. At present, a targeted policy approach seems to be the most effective way to do that," said Bloomberg's China economist Qu Tianshi.