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Yuan, who oversaw the purchase of Volvo in 2010, said the company has since launched new models, built manufacturing facilities and developed sales networks across the world.

Yu said the impact of the epidemic is expected to be felt in the first quarter of the year. "Once the virus is under control and consumer confidence recovers, the demand may bounce back soon."

Yu also participated in a panel discussion on Monday afternoon.

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Yun Zhenqiu, director of the hypertension department at Anzhen Hospital in Beijing, who is also deputy director of the Chinese Rural Health Association, was brought in to head the center.

Yukon Huang, a senior fellow at the Carnegie Endowment for International Peace (CEIP) and a former World Bank country director for China, said it really depends on what the US plans to do with Section 301.

You have a lot of fans today. What's your plan for the future?

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Yu Chengdong, CEO of Huawei's consumer business group, said in June that the world's third-largest smartphone vendor aims to ship nearly 200 million smartphones this year, close to its arch rival Apple Inc's 200 to 210 million annual shipment.

Yin said some private companies have encountered difficulties amid the economic downturn, mainly arising from their products, structures and operating mechanisms.

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Yet, he would struggle to find and reach the place as unexpected incidents en route always caught him off guard. For instance, he once spent an hour to drive past a road, parts of which were under repairs. Others would find alternative routes and get past the road in only 10 minutes.

Yi said small and micro businesses have played a crucial role in promoting innovation and entrepreneurship as well as improving employment and people's livelihoods. Enhancing financial support for small and micro businesses represents the basic requirement for the financial sector to serve the real economy and prevent major risks.