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"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.

"By combining SHKP's expertise in retail and Tencent's leading technologies, we aim to enhance consumer experience and empower customers through greater flexibility and convenience as they go about their daily lives. We look forward to deepening our strategic cooperation with SHKP in the future."

"China has entered a stage of stabilizing the leverage ratio and is gradually reducing it," Zhou said, noting that China is likely to reduce reliance on wide capital support for economic growth as the country seeks high-quality development.

"China is willing to share growth opportunities with the rest of the world. Honeywell has invested heavily in China, and we are picking winners," he said.

"China and the EU will then stand stronger in our endeavor of keeping the world economy as open as possible," said Van Rompuy.