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"But today, it has been more and more obvious that people's habits are changing, and this can be seen from the increasing types of internet finance and micro-loan companies, and in this way the policy comes at a very urgent time in preventing financial risks."

"China is the world's second-largest luxury market, and we are delighted to have such a respected partner. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant," said Jose Neves, CEO of Farfetch, which raised 0 million in 2016 in a Series F round of funding.

"China is very experienced in land renewal. We've seen a successful case in the Kubuqi Desert, where 6,000 square kilometers of land once covered by sand is now green and more than 100,000 of its people are now out of poverty," said Monique Barbut, the UN desertification convention executive secretary.

"China has a vast market and there are many diverse demands leading to many business opportunities. We have launched ski simulating machines indoors no matter in ski resorts or shopping malls to meet the needs of more southern customers," said Hermann Winkler, co-founder of Snow 51, who attended the World Winter Sports (Beijing) Expo via video link during the CIFTIS.

"China has not been manipulating its currency, so this is just recognizing reality," said David Dollar, senior fellow at the John L. Thornton China Center at the Brookings Institution.