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China's insistence in holding the Canton Fair online despite the epidemic shows that the country's determination and confidence to promote foreign trade development and opening-up will not change, said Bai Ming, deputy director of the international market research institute under the China Academy of International Trade and Economic Cooperation.

China's insurance sector ran smoothly with dropping leverage rates and risks generally under control in Q2, the meeting said.

China's new energy vehicle industry has boosted investment, employment and tax revenue, and the total investment in the whole auto industry chain has exceeded 2 trillion yuan, Miao Wei, minister of Industry and Information Technology, introduced at a forum held on Saturday.

China's growing reliance on spot purchase means importers will play an increasing role in balancing the global LNG markets and moving international prices, he said.

China's efforts to reduce pollution are expected to boost demand for Vale's high-quality iron ore, while the Brazilian miner will continuously diversify its business, said Fabio Schvartsman, Vale's chief executive officer.