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Analysts said the two tools will continue to leverage more credit resources to support the corporate sector, especially for small and medium-sized enterprises.

And they are fostering a new platform for the new round of globalisation.

And Shandong officials aren't just targeting their own province. To promote Confucianism worldwide, provincial officials are working with the Nishan Forum on World Civilizations, World Confucian Conference and Nishan Book House, according to Wen Shanchang, head of the foreign liaison division of the Shandong Provincial Department of Culture. Nishan Book House, launched by Shandong Friendship Publishing House in 2012, is devoted to providing quality Chinese books to foreign readers and accelerating the appreciation of outstanding Chinese culture around the world. According to Wen, the overseas book houses are established in the Confucius Institutes and public libraries, as well as the schools and libraries organized by the ethnic Chinese in more than 20 foreign countries, including Russia, Austria, New Zealand, the United States, Italy, Argentina, the United Kingdom, Germany and South Korea.

And local electronics makers are experimenting with new sales campaigns such as partnering with food delivery companies and livestreaming platform operators in hopes of hitching a ride on the consumption revival bandwagon.

Andy Chen, president-elect of IEEE Technology and the Engineering Management Society (2020-2021), Wang Feng, CEO of Wuxi Xuelang Digital System Technology, and four other guests from business and academia shared their opinions on the value of data in industries.