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"China is speeding up the transformation from industrialization to informatization. Intangible assets such as patents, trademarks, copyrights, business secrets and software are playing an increasingly important role, so intellectually property protection has become more significant," he said.

"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 made the historic decision 40 years ago to carry out reform and opening-up, which changed the course of China's future," Cui said.

"China is so charming, and with continued reform and opening-up, I cannot even imagine what it will be like in another 40 years," he said. "I want to stay and be a part of it."

"China and Cambodia will firmly oppose unilateralism and protectionism, and prevent such practices from impacting the regional economy, and develop the markets related to the Belt and Road Initiative, as well as work together to accelerate the negotiating pace to promote the Regional Comprehensive Economic Partnership," she said during the fifth meeting of the China-Cambodia Joint Economic and Trade committee.