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"Standard & Poor's (S&P) and Moody's have overestimated the difficulties China is facing, while underestimating its ability to push forward reforms and cope with risks," said Vice Finance Minister Shi Yaobin.
First winner gets a financial prize of 20,000 Egyptian pounds, two winners in the second place get 10,000 pounds each, five winners in the third place get 3,000 pounds each and 10 winners in the fourth place get 1,000 pounds each. (1 U.S. dollar = 8.88 Egyptian pound)
Given a continued economic slowdown, China is promoting an overhaul on SOEs to revitalize the public sector of the economy, piloting mixed-ownership reform, liberalizing industries to private capital and encouraging mergers and acquisitions.
George Wickee, a 25-year-old from Greece, set up an electric bicycle testing firm in Hangzhou earlier this year.
BEIJING, May 9 (Xinhua) -- China will never "bully" small countries, nor will it tolerate "blackmail" on the South China Sea issue, a Foreign Ministry spokesman said here on Monday.
来源：资阳报