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Bogardi added new competition in China resulting from foreign players' China expansion will also encourage Chinese domestic financial companies to update their governance standards in line with international norms.

Bonne, for his part, said both sides share highly consistent views and that facing the rapid spread of the epidemic, the international community needs to unite as one and step up coordination so as to prevail over the difficulties together.

Both of them have been expelled from the CPC, and judicial authorities will further investigate their cases for criminal activity, such as graft and embezzlement, it said.

Both countries should expand cultural and people-to-people exchanges and local cooperation to boost neighborly friendship, said Xi, who also stressed the importance of improving security cooperation to fight the "three evil forces" of terrorism, extremism and separatism and organized crime across the border.

Bishop said her country stands ready to take an objective view of China's development and Australia-China relations, and to further send a positive signal in this regard, according to a Foreign Ministry release.