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"Even though we have managed robust sales in China so far, we found that Chinese customers are incredibly inquisitive and hungry for information. They want to embrace new technologies and are fairly open to disruptive products," he said. "Therefore, we must act fast to seize all the market opportunities to retain robust growth."

"Cutting overcapacity has led to a rebalance of coal supply and demand. Oversupplies had haunted the industry throughout 2012 to 2015," he said.

"Facing the situation, we will consider policies for the next step. In general, we should continue to pursue a monetary policy that will be eased or tightened to the right degree," Liu said at a news conference held by the State Council Information Office.

"During the due diligence, we could tell that the US is quite friendly to foreign direct investment as a mature economy. It's easy to communicate with the local county, city, EDC(economic development corporation) and school districts. We are very happy with the local supporting staff, the transparency and efficiency, which make things a lot easier," Jiang said.

"Despite the outbreak of the COVID-19 pneumonia, spring plowing cannot be affected or delayed," he said, adding that now is the key moment for spring plowing, and agricultural experts would be arriving soon to guide farmers.