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"City authorities drafted a development plan for the LED industry early in 2008 when the coal market was still booming," he said. "When the market stagnated in 2013, the provincial authorities arranged for coal company employees to visit LED manufacturers to learn about the industry."

"Compared with many countries, the third pillar has seen relatively slow growth in China, taking up a low proportion within the whole pension system and providing far from adequate support for retirement funding," Guo said at the Annual Conference of Financial Street Forum 2020 in Beijing in October.

"Chinese banks' capital adequacy ratio is higher than the international minimum standard by two to three percentage points, meaning there is enough ammunition to fend off risks," said CBRC official Xiao Yuanqi.

"China's economic volume is very large and it is now aimed at higher quality growth. We believe that the share of the Chinese mainland stock market in the global market will gradually increase," she added.

"Chinese immigration began in Brazil around 200 years ago, with official records showing the first group of people from China arriving in the country on August 15th," said Temer during Tuesday's signing ceremony. "China now is Brazil's largest trading partner and the two countries have seen extensive cooperation in many fields. We also cement our dialogue mechanism under the BRIC framework."