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Wang said it is too early to predict what further measures could be taken, but should the company be found to be engaged in such practices, the government may refer to the penalties issued by other nations.

Wang Yimin, secretary-general of the Global Energy Interconnection Development and Cooperation Organization, said electricity interconnection is conducive to boosting regional economic and trade cooperation.

Wang also said the authorities plan to seek suggestions from industry associations to revise and enhance regulations regarding capacity replacement projects. Current regulations ask steel companies to shut down a larger number of existing capacity before building any new ones.

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Wang expressed the hope that the ROK will properly handle sensitive issues between the two countries and safeguard the basis of bilateral mutual trust and cooperation.

Wang Lizhi, an expert taking part in the national "1,000 Talent Plan", a government-initiated global talent pool program, has helped a Chinese company to fully acquire a leading European aerospace manufacturer and opened its flagship plant in Chengdu, Sichuan province.

Wang also said cooperation between the nations on education and exchanges has been a highlight of bilateral relations, with collaboration touching upon a wide range of areas, across the whole education spectrum, including higher education, vocational education, and schools.

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Wang also made it clear that treating Han culture as the sole Chinese culture and excluding the culture of any ethnic group from Chinese culture are both wrong. People need to respect differences and embrace diversity, he said.

Wang Lu, Asia-Pacific oil and gas analyst at Bloomberg Intelligence, added that China's gas prices will become more market-oriented, allowing supply and demand dynamics to determine prices.

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Wang attributed the progress to the firm leadership of the CPC Central Committee, joint efforts by cadres and people of all ethnic groups in the region, and strong supports from people across the nation.

Wang Tao, head of Fuyang Mali taxi company in Hangzhou, Zhejiang province, said traditional taxi companies should expand into broader areas to seek more opportunities, such as cooperating with logistics companies.