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"Chinese designs had helped me become a better 'editor', meaning reducing the elements in a composition to only what is essential," he said. "Anyone can add more to a design, but the best designers are the ones with the courage to remove elements to the core of the composition."

"Currently, the overall risk of the country's financial system is controllable, but the financial sector is still in a risk-prone period due to multiple factors and is still facing a tough situation," he said.

"China stands ready to work with Chile and other member economies in the spirit of collaboration, mutual respect, and consensus building, to make the upcoming Economic Leaders' Meeting a great success," added the senior official.

"Chinese consumers, especially millennials, want to enjoy life... they care about their individuality and love to travel, and when it comes to shopping in both online and offline channels, they have unique tastes," said Guo Xin, a marketing professor at Beijing Technology and Business University.

"Currently, there are still some financial institutions from Asia, Europe and the Americas doing market research in China. Some have made clear their business expansion plans in the country, and some have submitted their initial applications for the establishment of financial institutions in China. We estimate that a growing number of foreign institutions will take part in Chinese financial markets over a period of time in the future, and they will become an effective strength for high-quality development of the domestic financial sector," the spokesman said.