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At the same time, the new round of technological revolution and industrial transformation on the back of economic globalization have created new opportunities for global growth, yet they are also handicapped by a lack of inclusiveness, as reflected in the uneven distribution of opportunities and benefits and hard-hit traditional industries and jobs. Facing these risks and challenges, we in the international community must decide where we should go and how we should respond.

At the summit, more than 140 Israeli technology companies and about 800 Chinese companies sought opportunities to cooperate through Business-to-Business (B2B) matchmaking seminars.

At the opening ceremony on Thursday, Gestamp Executive Chairman Francisco J. Riberas said that China is "the most important priority" of the firm's globalization strategy, adding: "We are fully committed to bringing the latest technologies to the Chinese automotive market in order to make lighter and safer cars."

At the same time, the plan would cut the corporate income tax rate to 15 percent from 35 percent, and it would also impose a one-time tax on overseas profits of US companies, US Treasury Secretary Steven Mnuchin said at the same press briefing.

At the beginning of this year, the government highlighted that AI development should be integrated into the country's real economy, and that the industry should be market-driven, to stimulate enterprises' power of innovation and vitality of internal growth.