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And the Greater Bay Area has the industrial chain of manufacturing all the key parts of 5G smartphones, he revealed.

And Antonov also said that it's important to "deal with the results" of the two men's summit in Helsinki this week before moving ahead too fast with another meeting.

Analysts say the trend may continue in the coming months, which will help support a stable yuan and balance cross-border capital flows. As a wider opening-up of the country's financial sector unfolds, foreign investor confidence in the Chinese economy will be strengthened further, they said.

Anhui province promoted the credit rating system in 337 villages in 2019, of which 60 were poverty-stricken.

Anil Sooklal, deputy director-general for Asia and the Middle East at South Africa's Department of International Relations and Cooperation, said China is positive about his country and will bring billions of dollars of investment during President Xi Jinping's state visit to the country this week.