Maintaining a flexible currency exchange rate is necessary to cushion market fluctuations amid global financial fragility, especially when the financial market will be further opened to foreign investors, according to the governor.
Malaysian hawkers have been badly hit by the curbs, with estimated losses of about 50 million ringgit (.5 million) for nearly 100,000 traders.
Ma made the remarks at a panel discussion during the World Economic Forum's Annual Meeting of the New Champions 2019. Known as Summer Davos, the event was held in Dalian, Liaoning province, earlier this month.
Ma Yue, vice-president of Huawei Enterprise BG, said the company plans to set up nine OpenLabs across the world over the next two or three years to help global enterprises transform and innovate by using cloud computing, big data, internet of things and other technologies.
Ma said in her speech, "I grew from being a rural woman to a deputy of the National People's Congress. I benefited from the change of time and the development of technology. Behind personal honor and achievement is the prosperity of the entire country. Where I live, people's material life has changed dramatically, but the soil of culture is still barren. When I become a representative of a group, I am more concerned about enabling more people to feel the power of culture."
Ma Qian, a former government official who was appointed to help with poverty eradication efforts in a small village in Hubei province, said he was deeply touched after watching the segment that described how hundreds of college professors in Shanghai migrated to the northwestern city of Xi'an, Shaanxi province, in 1956 to boost the then impoverished region's development.
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Madera said that London offered support to the Belt and Road Initiative through deep and liquid markets, an established and widely used legal system adopted in many international infrastructure projects and access to foreign exchange expertise and liquidity.
Managing the unanticipated impacts brought about by digital technology is critical, but academic literature on this topic remains sparse with most of the discussion being carried out in the press and social media.
Malaysian Prime Minister Mahathir Mohamad has said that the Malaysian government would provide assistance, when needed, in the form of food and medical essentials to Hubei province, the epicenter of the epidemic, and other areas in China.
Managing DIrector