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As the Chinese economy adjusts to a "new normal", international financial institutions are facing a series of external challenges－from economic restructuring to low interest margins and digitization. On the other hand, these trends also present opportunities to the entire banking industry, Lam said.

As the founder of two fashion brands, Yang Jie Design and Xi Xiu for menswear, Yang, who has taught at the Beijing Institute of Fashion Technology for more than 10 years, says he has drawn his inspiration largely from the embroidery skills of the Miao ethnic group, one of the oldest Chinese ethnic groups.

As the last county in Ningxia that has not been lifted out of poverty, Xiji has been promoting labor exports by cooperating with local labor service companies, labor service stations in various provinces and increasing employment training for migrant workers to make it a leading industry in the fight against poverty.

As such, profit margins are no longer as impressive as before, said Lu.

As seen in medical supplies alone amid the outbreak, China's position in global industrial chains in the short and long term remains firm and significant, said Teng Jiangqun, director of the Department of American Studies at the China Institute of International Studies.