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Hong Kong's cross-border school bus companies have been hit hard by the suspension of classes during the coronavirus outbreak.

His testimony, in a question and answer format, began with how he set up 1MDB in 2009 and how the fugitive Malaysian financier Jho Low, said to be at the centre of the scandal, came to be associated with the fund.

His experience includes jobs managing finance and strategy, having worked in executive positions at IAC/InterActive-Corp and the investment firm of Allen& Co, according to his LinkedIn profile.

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His remarks should come as sweet music for the tech giant, which was put on the "Entity List" in May this year by the US government and barred from buying US technologies sans special government approvals.

His remarks came in an exclusive interview with Xinhua on the sidelines of the 44th meeting of the UNWTO Commission for the Middle East and UNWTO Regional Conference, which wrapped up Thursday in Egypt's Sharm el-Sheikh city, with the theme of "Human Capital Development in Tourism: New Perspectives."

Home to four of the world's top 100 universities, Hong Kong is well recognized for its basic scientific research, he said, adding that the newly unveiled outline development plan may encourage other elite universities around the globe to upgrade cooperation with Hong Kong.

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Hog farms with more than 5,000 pigs are demonstrating a stronger rebound as their inventories for both pigs and sows have increased for three months in a row, he said.

Hong Kong government officials, prominent politicians and central authorities in the city slammed the United States over its latest sanctions on the city, saying the "barbarous" and "hegemonic" move violates international law and is an attempt to contain China's rise.

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Hong Kong Commissioner for Economic and Trade Affairs, USA, Clement Leung (right), and the Director of Hong Kong Economic and Trade Office in New York (HKETONY) Joanne Chu (left), welcome the Lieutenant Governor of Rhode Island Dan McKee, to the welcome reception hosted by the HKETONY on Sunday in Newport, Rhode Island. PROVIDED TO CHINA DAILY

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor holds a press conference at Central Government Offices on Sept 15, 2020. [PHOTO BY PARKER ZHENG / CHINA DAILY]