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"Government reform and innovation is vital to achieve economic and social development. It will also boost public confidence in government capacity," he said.

"Further opening up is the key to attracting foreign investment in this crucial phase," said Lan Shaomin, Party secretary of the city, noting that opening up is in the genes of Suzhou.

"Following the launch of Mate 10 series into the market, we have received positive feedback on our devices and are delighted to announce today that we now have Mate 10 Lite which will retail at 399 U.S. dollars," Huawei Mobile Kenya Country Director, Derrick Duh stated.

"Financial inclusion is a fundamental building block of inclusive growth and development," it added.

"For major State-owned power generation enterprises, although they can consider investing in the traditional coal power sector, short-term power surplus means higher investment risks. Companies need to consider more about acquiring existing power plants rather than building new ones, and consider market integration in the target area to increase market share," said the report by Capgemini.