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As confirmed cases of the novel coronavirus increase in foreign countries, it will affect China's manufacturing industry to some extent, but the impact will be manageable, the nation's top industry regulator said on Friday.

As a joint partnership among Alibaba's Tmall, the Council of Fashion Designers of America (CFDA) and Suntchi, China's leading fashion company, China Day aimed to boost worldwide recognition of Chinese design, and ultimately, promote global opportunities for the brands.

As a result of the pandemic, corporate finance has grown rapidly so far this year. In the first quarter, China's new yuan loans reached 7.1 trillion yuan, of which 6.04 trillion yuan were new loans to enterprises and public institutions, according to the central bank.

As head of the largest communist party in the world, Xi's challenge is to re-engineer the CPC to ensure it can effectively and innovatively deliver leadership. The question is how to take Marxism, a 19th-century economic theory that analyzed social relations during the industrial revolution, and make it relevant to China in the 21st century, when the nation leads the world in green finance, mobile phone banking, artificial intelligence research and robotics development.

As for the contentious issues, Sta. Romana said there are areas where the countries don't see eye to eye, but they can discuss them frankly and in a friendly way through a bilateral consultative mechanism.