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Li Jin, chief researcher at the China Enterprise Research Institute, said the go-global strategy is a vital part of SOE reform. It would entail cooperation to raise production capacity and prevent monopolies in international markets. Thus, it is important to strengthen SOEs that can compete at international level, he said.

Li Jinyong, chairman of Zhonghai Tongchuang Group, with car sales one of its major businesses, said carmakers might not want an extensive sales network that has too strong bargaining power.

Li Yanhong, CEO of Baidu Inc. [Photo/VCG]

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Li Weiyang, who is a part-time science writer, acts as a guide and team leader. The company also hires wildlife researchers to serve as guides.

Li Qingmei, manager of a travel agency in Chengdu, Sichuan province, said: "I don't have high hopes that the so-called retaliatory rebound will appear in the tourism sector as the outbreak has left a profound impact on consumers' spending habits and consumption patterns. Everyone is very careful with their spending." Retaliatory rebound refers to people eager to make up for time lost in the pandemic.

Li Zhanshu, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Standing Committee of the National People's Congress, speaks at a symposium marking the 20th anniversary of the implementation of the Basic Law of the Macao Special Administrative Region in Beijing, capital of China, Dec 3, 2019. [Photo/Xinhua]

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Li Yang, director of the National Institution for Finance and Development of the Chinese Academy of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to defend its currency, even if depreciation pressure rises amid any escalation in trade tension.

Lenders' onshore liabilities rose 6.7 percent to 236.4 trillion yuan by the end of September, said the regulator.

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Li Haiqing, a researcher at the Party School of the Central Committee of CPC's Research Center of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, said that the key tone-setting Party meeting stressed the significance of stable and efficient systems in China's reform and development.

Lhasa has been stepping up its efforts in providing green public transportation since 2015. Apart from the buses, Lhasa government also collaborated with Ofo since last May to provide 3,600 sharing bikes in the urban area. Also, 192 gas-electric hybrid taxicabs marked with the logo of "new energy" came into service in 2017.