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He spoke at the opening ceremony of the World Economic Forum's three-day Annual Meeting of the New Champions 2019, also known as Summer Davos, taking place in Dalian, Liaoning province, through Wednesday.

He said the relationship with the Chinese have been very cordial while hailing the mutual learning between Transnet and CRRC.

He warned that if a virus were inserted into the banks, users' personal information and even personal assets could be at risk.

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He says companies need to work in particular on what he calls the "four Cs"-core capabilities, cultural adaptability, management competence and overcoming resistance to their country of origin.

He said the Continental Free Trade Area was very important, but that without industrialization, the continent would only be selling primary goods such as raw materials, while the finished goods would still be imported.

He said the HKSAR government is gearing up to issue the first batch of government green bonds to promote the development of green finance. It is also studying the establishment of a limited partnership regime and introduction of tax arrangement to attract private equity funds to set up and operate in Hong Kong.

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He said that to effectively address the challenge, the government should play down the importance of the GDP growth target to avoid massive short-term stimulus, and stick to prudent and neutral monetary policy while rationalizing fiscal responsibilities between central and local government.

He said the liberal studies textbooks do not require approval of the educational authorities and teachers are free to use any materials they like.

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He thanked Qatar for hosting US forces at Al-Udeid Air Base, home to the US military's Central Command forward headquarters.

He urged the students to have firm faith, nurture virtue, study hard, and work to become individuals with ideals, ability and a strong sense of responsibility, well-prepared to join the socialist cause and contribute to the rule of law and national rejuvenation.