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"From income inequality to climate change, technology will play a critical role in finding solutions to the challenges our world faces today. This year's emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like," said WEF CTO Jeremy Jurgens, at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"Germans like to plan things and prepare in advance. We plan to showcase not only the business side but 'the whole of Germany' during the CIIE," Pohl said.

"Greater participation of foreign financial institutions will help create more healthy competition in the Chinese market and raise the quality of the onshore financial services," Dong said.

"For international clients who want to invest on the mainland, we can offer them insights into the country's financial and taxation systems. As for mainland enterprises seeking to list in Hong Kong's stock market, we could provide substantial advice as well," she added.

"From a global perspective, cutting individual income tax is an effective measure to implement proactive fiscal policy. It can raise disposable income, with the objective of boosting consumption and increasing aggregate demand," said Liu Yi, a professor at Peking University's School of Economics.