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"China is the victim of US trade bullying," he added.

"China overtook Japan as the world's second-largest economy in 2010. It was only a matter of time before one of the Chinese financial centers overtook Tokyo," he said.

"China is a huge market for rabies vaccines, and many manufacturers tap into the market," he said. "Not all producers hold themselves to high standards."

"China continues to dominate the fintech landscape," said H2 Ventures partner Ben Heap. "These firms are continuing a trend that is several years in the making and highlights the extraordinary rise of the fintech industry in China."

"By serving our own internal business for five years we have gained significant experience. So we think it is time for us to expand the cloud service to other companies and industries, because demand from the external ecosystem is very high," said Ericson Chan, CEO of Ping An Technology.