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Dan Houston, chairman and CEO of global financial investment management company Principal Financial Group, said earlier he has great confidence in the nation's huge pension market, and the challenges for the company in developing its business in China include persuading employers to adopt enterprise annuities and making Chinese people comfortable about using the sector's products to invest for the long term.

Deals worth more than 500 million pounds (8 million) between Chinese and British businesses were announced on Monday during Vice-Premier Hu Chunhua's visit to the United Kingdom to co-chair the 10th China-UK Economic and Financial Dialogue alongside UK Chancellor of the Exchequer Philip Hammond.

David French, senior vice-president of the Washington-based National Retail Federation, said unresolved trade issues continue to roil the economy.

DIH has raised the first venture capital fund in the Northern Territory and also established the first incubator in partnership with the Northern Territory government and Charles Darwin University, which involved winning a national tender, with the Australian Government getting the whole country to compete for grand funding for the Incubator Support Program. It was a historical first for the Northern Territory to won it, said Paroulakis.

DeLaval will modernize and strengthen China's dairy farms so millions of consumers could benefit as not all of them prefer imported milk, he said.