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As people continue to move to cities, their incomes will rise, driving up consumer demand. Additional infrastructure spending to support these people will also be needed.

As of the end of February, the QFII quota stood at 1.45 billion, up from 1.35 billion a month ago, according to the State Administration of Foreign Exchange.

As one of the regions boasting the most robust economic growth, the highest level of opening up and strongest innovation capability, the Yangtze River Delta plays an essential role in promoting the Chinese economy, according to the statement.

As one of the eight states that enjoy trade surplus to China, Oregon's exports have expanded 55 times during the past 20 years and reached billion annually. That has helped create more than 20,000 local jobs and brought substantial profit to Oregon companies, especially integrated circuit manufacturers, timber producers and hazelnut farmers. Meanwhile comparatively cheap, quality products imported from China have not only helped Oregon maintain a relatively low inflation rate but also improved real purchasing power of local customers.

As one of the first multinational companies that entered China more than 40 years ago, Servier has been an industry leader in cardiovascular disease and diabetes. The company said it will actively expand its business in oncology, providing therapeutic drugs and solutions to three million patients every day.