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"By improving the labor force participation rate, expanding educational avenues and employment opportunities, we can fully make use of the potential of the workforce," he said.

"China has been one of the big funders of mining globally, including in Canada," said Spence. "If you look around the world, in the past few years, the real two big funders were China and private equity, while the traditional financiers-commercial banks-were out of the market, so China was seen as a big source of alternative finance."

"But we believe the Chinese government still has room for policy adjustments to mitigate risks, and we expect more reform efforts to transition the economy toward a more sustainable growth path."

"But, over the next decade, the Chinese stock market will offer more investment opportunities than the housing market", as excessive money supply－the major driver of property prices in the past decade－will not continue.

"By 2020, the market scale of the country's intelligent connected vehicles is expected to exceed 100 billion yuan ( billion)," he added.