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Wang said it is hoped the new foreign minister brings with him the correct perceptions of his father and makes efforts to realize real improvements of the ties during his tenure.

Wang said that China's fiscal policy support needs to intensify in the second half of the year to ensure sufficient funding for major projects and the protection of people's basic livelihoods. Meanwhile, monetary policy will be more targeted to help lower funding costs for smaller businesses, as there have been signs of marginal policy fine-tuning by the central bank, he added.

Wang likened the innovations of blockchain to groundwork for the construction of tall buildings. "The process can be hastened, lofty and firm," he said at the China Blockchain Tech Innovation Development Forum.

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Wang held the first China-Canada foreign ministers meeting in June 2016 with former Canadian foreign minister Stephane Dion in Ottawa.

Wang briefed the conference on Shenzhen's business and industrial environment.

Wang said he expects the A-share market to offer some of the strongest upside potential across worldwide capital markets over the rest of year, underpinned by abundant liquidity, a fast economic recovery by global standards and reasonable valuations.

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Wang has more than 20 years of experience in the applied plant biotechnology field. He once led research teams at Northeastern State University using plant systems and cell culture to evaluate and produce therapeutic pharmaceuticals, vaccines and other products.

Wang Liantao, co-founder of Chinese vacation rental company Xiaozhu Inc, said "in the long term, we are still confident in the industry. Although the epidemic had a knock-on effect on the accommodation industry, it offers us an opportunity to upgrade the platform and improve our services."

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Wang Zhimin, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, in a statement on Friday, expressed condolences over the loss of "an elder of noble character and high prestige".

Wang highlighted the social features and the strong interactive functions of online games, saying games can bring unique experiences that other forms of entertainment cannot offer.