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"Financial regulators are promoting transition in the asset management industry by investing a large portion of assets in stocks and bonds, instead of nonstandard products. This will promote healthy development of capital markets in the long run by providing long-term and sustainable sources of funds and fostering more institutional investors. As the number of institutional investors increase, investment decisions will become more rational," Zeng said.

"For the last four decades, China has implemented the policy of reform and opening-up, and it remains a basic state policy. It will not change. Even at the time of the global pandemic, we have initiated new measures for reform and opening-up in the last few months," he said.

"For sure nearly all the increase is people with coronavirus. But not all are being counted that way," he tweeted.

"Generally, the number of tourists allowed on a glass walkway is far less than the design limit," said Li Yunsheng, an engineering teacher at Shijiazhuang Tiedao University, who helped draft the standards.

"From home design to refurbishment projects ... the tie-up will provide both online and offline customers with a comprehensive home-improvement solution," Alibaba said in a statement.