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"China today is roughly where South Korea, Japan were when they began the period of rapid economic growth," he said. "There should be a substantial potential for further convergence."
"Consumption now contributes more than half of China's economic growth, and the domestic market is growing faster than that of many developed economies," he said.
"Chinese mobile games have built an advantage in emerging markets, while they are still at the initial stage in developed markets," Dai said. "Now Chinese publishers need to pay more attention to developed markets and increase investment accordingly, as there remains considerable room for revenue growth in these fast-growing markets.
"China wants to be the leader, not the follower in the generation of 5G," said Richard Yu, the CEO of Huawei's consumer products division, who made the speech. "We were late in the 3G development, but we caught up with others in 4G and will be the global leader of the ICT (information and communications technology) industry in the era of 5G."
"Considering that the economic fallout reflects particularly acute shocks in specific sectors, policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to help affected households and businesses.
来源：资阳报