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"Given the backdrop of an aging population and the Chinese people's growing awareness of health, spending on health-related insurance soared from 158.7 billion yuan in 2014 to 544.8 billion yuan in 2018. The trend will continue as more innovative products are introduced and you have the involvement of technology as well," Wang added.

"From what we have seen, it would be a feat if it would be a 5 percent drop," said Shi.

"Financial technology is at core of our work at the current stage … We are trying hard to learn from fintech companies in terms of infrastructure construction, the integration of information technology and banking business, the building of innovation mechanisms, and the restructuring of human resources to hire more talents specialized in digital and information technologies," said Chen at a news conference in Beijing.

"For buyers, it is really difficult to get their applications for home loans approved, as lending has tightened significantly since the beginning of the year," said Yang Zhaojun, a real estate agent with Shanghai Junda Realty Services.

"Having a sister city is like having any other close friendship. You share each other's triumphs and tragedies," said Sarah Boal, assistant vice-president for BBF's Disaster Response & Strategic Initiatives. "Right now, our sister city of Wuhan is hurting and so, as Pittsburghers, we feel compelled to do what we can."