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"Can you freestyle?" has become an immensely popular phrase on China's social network recently. [Photo/Official weibo account of The Rap of China]

"China is willing to provide all the assistance we can for the Philippines' disaster relief work, and we believe that people in the storm-hit areas can overcome difficulties and rebuild their hometown under the leadership of the Philippine government," Hua said in Beijing.

"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"China has witnessed the rise of social media, e-commerce and online to offline platforms in recent years, which has spurred an increasing demand for designing from domestic companies and private users," said Zhang Yuan, CEO of Canva China.