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"Chinese biotech firms are on the rise and are set to benefit patients in developed and developing countries alike," he added.

"Chinese companies must go upward if they want to see the long-term return after going through the winter of the market," he said.

"Compared with the previous round of property development, which is mainly fueled by investment, the new round of development is driven by consumption," said Nie Meisheng, founding chairman of China Real Estate Chamber of Commerce, at the 2020 annual meeting held from Dec 13 to 14. She also said digital technology will play a pivotal role in empowering buildings and communities.

"China's steel and iron sector has been experiencing a sluggish market this year. Producers should step up efforts to reduce costs and seek new revenues," Wang of the Lange Steel Research Center said.

"China's high-tech industries, represented by new technologies, new industries, and new products, have maintained rapid growth in recent months," she said.