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"Free trade zones reflect China's policy of opening-up and the benefits will mainly lie in the liberalization and facilitation of trade and investment," said Huang Xianhai, vice-dean of the School of Economics at Zhejiang University.

"For foreign companies, a collaboration with Chinese companies in infrastructure projects in third-party countries can help open up access to its large domestic market. Furthermore, foreign companies can partake as a private investor in projects that are risk-guaranteed by Chinese institutions, with an improved risk-return ratio," Wijeratne wrote.

"From small towns, suburbs, and cities - from throughout the United States and around the world - the Class of 2022 promises to be among the best classes in Harvard's long history," said William R. Fitzsimmons, dean of admissions and financial aid at Harvard University.

"For companies, evaluating ESG risk is a business imperative to meet diverse stakeholder needs and mitigate potential legal, operational or reputational risks," said Haywood Kelly, Morningstar's head of research.

"For example, artificial intelligence science and technology have not been set up as a first-level discipline," Yu added. "This may lead to the loss of core AI talent."