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As a company with a history spanning more than 100 years, Panasonic has its advantages, but also disadvantages. There are many problems such as more restrictions and slower decision-making. Fortunately, many employees in China have already realized the problems of the company. China has become the second-largest economy in the world, with its GDP exceeding 90 trillion yuan in 2018. While maintaining its manufacturing power, China has also become a major consumer and innovation power.

As a young market, China's financial firms have been quick to adapt their thinking to changing technology and business. After the explosive fintech growth in 2015 and 2016, relations between technological advancement and China's financial sector have grown even closer this year.

As for the US government's decision to levy a 25 percent tariff on imported steel, Jia said the steel products that will be used in CRRC MA's production partly come from the US and partly from China. "The steel tariff has less of an impact on us," he said.

As an effective means of purchasing land and expanding businesses, Chinese property developers made 333 M&A deals worth 296.1 billion yuan last year, up 14.7 percent and 31.6 percent year-on-year, respectively, the paper reported, citing data from property research institution China Index Academy.

As a Chinese saying goes, "A single drop of water cannot make an ocean, nor can a single tree form a forest". China will enhance solidarity and mutual trust and deepen dialogue and cooperation with all countries. Together, let us sustain the sound momentum of prosperity and stability in our region, and build an even brighter future of peace and development for East Asia.