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He said that he will champion key international initiatives that can harness large-scale changes in financing and financial system development, such as in the fields of digitalization and climate finance and in cooperating with major investment initiatives.

He pointed out that the core problem in the industrialized countries is that some people have been left behind as the distribution of the gains from international trade and commerce have not been equitably distributed across the communities, some people's income have grown very rapidly and some people's have not grown at all.

He said it's not a problem to take public transportation for work during weekdays, but it is frustrating when he wants to take the family to suburban resorts during the weekends.

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He pointed out that the groups devising and setting the rules of globalization have been large corporations, many in the US. "And they have been the big beneficiaries," he said on Tuesday in a talk about his latest book Straight Talk on Trade: Ideas for a Sane World Economy.

He said only when people establish strategic trust will they be able to find solutions. "We are keen on promoting that type of dialogue," he said.

He said mutual trust should be enhanced so the international community can better understand China's reforms and opening-up and become more willing to cooperate with China. Wei said he has confidence that China and the US, the world's two largest economies, will be able to strike a deal and get back on track.

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He said event in Hong Kong was "solely the internal affair of China" and warned foreign governments to not support Hong Kong's radical protesters or interfere.

He said Russia also agreed that the United States should fulfill its international obligations and Russia fully understood China's position on the so-called China-U.S.-Russia arms control negotiations.

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He pointed out that China's mobile marketing is an innovation that has changed communications and how companies and advertisers are communicating with users.

He said authorities should make "a distinction between those who need cars, be it for work or family commitments, and those who just want more cars as a status symbol".