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"Credit-based regulation is crucial for the sound working of market institutions," Li said.

"China's economy is moving from high-speed development to high-quality growth," Xin Guobin, vice-minister of industry and information technology, said during the opening ceremony. "We will continue to boost the healthy development of smart manufacturing, strengthen the construction of industrial internet and public service platforms, build the ability to protect data security, cultivate a group of talents good at both manufacturing technologies and the application of informatization."

"China's insurance depth, which was calculated by the premium to GDP rate, was over 4 percent last year, while the global average was over 6 percent," Rui said. "Also seen from the lens of average number of policies per capita, the number in the United States reached 6 while that of China was fewer than 1."

"China welcomes more European countries getting involved in the Belt and Road cooperation, no matter individually or as a bloc. China and the EU have agreed to synergize our visions for connectivity. It's time to get things done," he said.

"Compared with traditional publicity, the new reading circle is much more convenient," she said, although she also expressed concern about the real value and influence of the new platform.