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"China Export and Credit Insurance Corp will guarantee the interests of Chinese export enterprises, based on insurance policies, if they suffer losses and positively support them to expand new markets and improve international competitiveness," Zha said.
"By incorporating knowledge from multiple fields into the translation model, the AI developed by Damo Academy can draw inferences and quickly learn terminologies that are constantly changing in different scenarios without repeated training," Fan said.
"But realizing it requires the knowledge and expertise needed to surmount new challenges."
"By making this adjustment, the regulator hopes that banks will fully expose their non-performing loans and truly disclose their risk situation with more accurate capital adequacy ratios and coverage ratios of allowance for loan impairment losses to NPLs. It will be favorable for them to write off and resolve bad assets," said Xiong Qiyue, a research fellow at the Institute of International Finance at Bank of China Ltd.
"China is no longer betting on exports to drive up the economy, cultivating new growth points in technology upgrades, stimulation to domestic consumption and adequate investments in fast-growing sectors in global investment destinations－they have all become indispensable parts for the country to boost its economy," said Wang Huiyao, president of the Center for China and Globalization.
来源：资阳报