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"China's semiconductor display industry has taken large steps forward in the past decade, changing the display industry's global competitive landscape. China has transformed into the world's largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"Currently wind power and photovoltaic power generation cost a lot less compared to the past, due to technology innovation and a price drop in power generation equipment. There is little need for them to receive government subsidies to keep businesses running," Han said.

"Chinese investors' footprint is spreading across five continents, focusing on not only 'going out' but also upgrading businesses to higher end of the value chain," said Loletta Chow, global leader of EY's China Overseas Investment Network, at a news conference on Thursday.

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"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."