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"For the traditional supermarkets, inventory turnover rate is more than 30 days. For us, it is shortened to fewer than four days－guaranteeing freshness of all products sold in the store," Wang said.

"Government support, the 59-country visa-free policy and the newly expanded duty-free policy strongly boosted the convention and exhibition sector last year," he added.

"Globalization is an important part of Tencent Cloud's strategy," said Qiu Yuepeng, vice-president of Tencent and president of Tencent Cloud.

"Financial regulators' tolerance of higher NPL ratios for SME loans will also motivate commercial banks' lending," he added. "The challenge is how to precisely assess SMEs' financial risks and to prevent fraud based on limited information. Utilization of big data and advanced technology such as AI may be the key."

"Freedom of religion, cultural rights, (and) the right to use spoken and written languages of all ethnic groups are guaranteed by a host of measures," he said.