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As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.

As for healthcare, there are a lot of challenges both in the world and in China that need to be addressed through progress and innovation, such as cancer, an increasing problem for Asian societies, while Chinese players are making remarkable developments in the life sciences field, he said.

As chairman of the two listed companies K Wah Group and the Galaxy Entertainment Group, with a combined market capitalization of over HK9 billion (.9 billion), he is now Hong Kong's third wealthiest individual. Lui's financial success has enabled him to benefit society and serve the community, motivated by the quest for peace and education that he was denied in wartime.

As a result, the AMCM raised the Base Rate by 25 basis points following the Hong Kong Monetary Authority.

As for reform, China has made important supply-side structural changes aimed at developing a modernized and more sustainable economy. I believe the country is going in the right direction.