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Another highlight of the forum was the industry promotional fair held on Nov 3, which attracted more than 100 experts and scholars.

Ant Financial Services Group has applied for a digital banking license in Singapore, as more Chinese technology powerhouses hasten their pace in expanding their digital offerings beyond the Chinese mainland.

Another joint report by the NCUSCR and the Rhodium Group says Chinese companies invested a record billion in the United States in 2016, a tenfold increase compared to just five years ago, while US FDI in China was kept at a steady annual amount of billion.

Apart from donations, centrally administered SOEs are ramping up production of medical equipment urgently needed in many countries.

Anta now boasts more than 60 patents. Investment in innovation has gone up to 5.8 percent of total revenue this year. Anta started its business by quickly developing stores on shopping streets across China, especially in third－and four-tier cities.