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"Covering not only the healthy groups but also people with mild diseases, the new program aims to better fulfill our mission of protecting hundreds of millions of families and taking on more social responsibility," Shen Peng, founder and CEO of Waterdrop Inc, said at the launch ceremony Wednesday. "With great strength and rich experience, we're confident to fend off the risks of high payout."

"China's industrial development is improving month-by-month as a slew of policies by the government take effect," said Xin, adding that some changes also took place.

"Compared with the requirements for China's economic and financial development in the new era, there is still huge room for the opening-up of our financial sector to domestic and foreign investment," Yi, governor of the People's Bank of China, said on Tuesday at the 2018 Annual Conference of Financial Street Forum in Beijing. "China will take advantage of the further opening of its financial sector as a crucial way to improve the quality of financial services."

"China will keep opening up the agriculture sector," he said, adding that the country has greatly lowered the threshold for foreign investors' access to its agriculture sector and abolished a number of restrictive measures.

"Consumers are able to perform program searches and other voice commands without using the remote," Larson said.