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"By attending the CIIE for two years in a row, I have come to understand better that China is being more open to the world. Chinese companies should thus further explore the global market and look for better quality products from all over the world so that we can truly seek long-term development by narrowing down the gap and actively taking part in global competition," she said.

"China is part of the global economic order; it has a vast array of investment, relationships and trading relationships all around the world," said Hormats.

"By participating in the Greater Bay Area construction, the HKSAR, for the first time, is deeply engaged in drafting and implementing an outline of a national strategic plan," he said.

"Capacity additions will intensify the competition in the refining sector, with Sinopec's 200,000-barrels-per-day Zhanjiang Refinery fully commissioning, and the 400,000 barrels-per-day Zhejiang Petrochemical (Phase II) seeking test runs in the fourth quarter."

"But millions of SMEs are under-served, whose demand for tailor-made communication services represents almost a 500-billion-yuan (.5 billion) market. That is what Alibaba is interested in," Yu said, adding it is not a competitor but complements telecom carriers' services.