Li said the financing channels should be expanded. China supports commercial financial institutions to finance cooperative projects and supports enterprises from CEE nations to issue panda bonds in China, he said. A panda bond is a renminbi-denominated bond for a non-Chinese issuer.
Liebheit admitted that it is impossible for an industry to maintain a growth rate of 30 percent for long, but he projected the sector to remain bullish.
Liao Yongan, vice-president of Xiangtan University, said the government should improve protection of credit information of individuals. Liao said unlike personal information in general, credit information has unique legal attributes that need to be specifically addressed in social credit legislation.
Li outlined the risk that as the epidemic hits global growth, different economies may resort to competitive monetary easing and exchange rate depreciation, and scramble for more positions in the global industrial chain, leading to uncoordinated and ineffective policy reactions.
Like many other regions in the nation, a village in Fuping county, Hebei province, has more than 100 years of walnut-growing history, producing natural, fresh walnuts. Hampered by poor transportation links, the village has had a hard time selling its products.
Li said students take online classes at least once a week and have really benefited, including achieving better grades and becoming more confident in expressing their views and participating in class.
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Life came to a turning point when the local government introduced cooperative mechanisms to alleviate poverty.
Li said people-to-people exchanges, including tourism, should be promoted to enhance connections between the two peoples. Tokyo's hosting of the 2020 Summer Olympic Games and China's hosting the 2022 Winter Olympic Games will provide opportunities to enhance communication among the public.
Lin Nangy, publisher of The World and China Magazine, who helped release a tri-lingual book on standard translations of traditional Chinese medical terms in Hungarian and English, thanks to the efforts of former Hungarian Prime Minister Péter Medgyessy, noted that Hungarian professionals are seeking cooperation with the federation in this field.
Li said that China firmly supports Sao Tome and Principe's efforts in safeguarding its sovereignty, economic independence and sustainable development. China is willing to move forward the partnership between the two nations to a new high level for new achievements, he added.