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"Funds from this round of financing will be mainly used in the research and development of the community and trading system as well as recruiting talent to further improve user experience on investment and communication at Xueqiu, and to provide them with cross-market and multi-category stock and fund trading services," said Fang Sanwen, founder and CEO of the platform.

"Happy July 3rd when all of Cuba is in the post-COVID-19 recovery phase," he said. "May the joy not make us forget about responsibility. Today we've won a battle but we haven't yet won the war."

"Growing global demand amid a recovering world economy, as well as China's sound economic fundamentals and supply-side structural reforms, have supported foreign trade," Gao said.

"Frugality is a traditional virtue of the Chinese nation, and we should still promote it even in an age of abundance," Zhu Yi, an associate professor at the China Agricultural University, was quoted by the newspaper as saying.

"From an economic perspective, a trade war would be a 'lose-lose scenario' and negotiation is the preferred approach to reach a 'win-win' outcome", said Zhu Haibin, chief China economist and head of China equity strategy at JPMorgan. "Investors believe there is still room for negotiation between the two sides."