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Ma Jun, director of China Green Finance Committee, said that some key issues need to be solved on the next step to facilitate securitization of green finance by creating more products and services, while encouraging private equity and venture capital to join the funding scheme.

Malaysian business leader and permanent Hong Kong resident Chandran Nair also said he has faith in Hong Kong. He spoke of the judicial system as one of the strongest pillars of stability and the rule of law and expressed the conviction that Hong Kong will face the testing period well and see it through. He added one condition, however: The Hong Kong government needs time to explain the law, and its explanation needs to be broad and comprehensive.

Made in China 2025 is a roadmap to guide the development of advanced manufacturing, including smart manufacturing, in the country.

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Major international institutions and investment banks, including the IMF and the World Bank, have raised their forecasts for China's growth this year.

Maine lobster business pinched by tariffs' claws

Ma said that although the world economy continues to maintain the momentum of recovery, its foundation was not solid. "Meanwhile, unilateralism, isolationism and trade protectionism are on the rise, dealing a heavy blow to multilateralism and multilateral trading system, while adding to the instabilities and uncertainties of global economy," Ma said.

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Ma Jun, a member of the People's Bank of China's monetary policy committee, said the planned US tariffs on billion of Chinese goods is estimated to cut China's GDP growth by 0.2 percentage point, but its overall impact will be limited.

MUMBAI - India's tourism industry has been hit by a wave of violent anti-government protests against a new citizenship law that have rocked several cities this month, with at least seven countries issuing travel warnings.

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Malaysia's engineering, procurement, construction and commissioning (EPCC) solutions provider for renewable energy infrastructure Mattan Engineering said Tuesday it had appointed CMEC to be its procurement arm for the 50-megawatt-ac solar farm project.

Malmgren is author of "Signals: How Everyday Signs Can Help Us Navigate the World's Turbulent Economy."