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"China is no longer copying the US. Now the reverse is true. Facebook has copied WeChat in private group messaging and followed 15-second video app TikTok. Amazon has imitated Alibaba in online retailing. Lime has followed China's original Mobike and Ofo brands in bike-sharing," said the report.
"China is also developing fastly in technology and it has also big markets," said Shamir, who is also the managing partner of Catalyst Funds, one of the organizers of the two-day conference.
"But while there are many welcome initiatives in this strategy, there is still too much reliance on voluntary measures, and precious little commitment to targets to reduce waste and boost recycling," he added.
"China is a very important market for Microsoft," he said. "It is unique in terms of its energy, as businesses here are responsive to cutting-edge technologies including artificial intelligence and cloud computing."
"China must actively and steadily deleverage, adjust the overall floodgate of money supply and prevent the rapid increase in the macro leverage ratio," the five-year plan said.
来源：资阳报