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"From highly embellished gowns to the 'natural' landscape aesthetic, I just want to make a spiritual pilgrimage, and slow down a bit from the hustle and bustle of modern life," he said at a press briefing in Beijing on Thursday.

"Furthermore, there will be no vacillation in consolidating and developing the public sector, or in encouraging, supporting and guiding nonpublic sector development," he said. "With the deepening of State-owned enterprise reform, especially mixed-ownership reform, more private capital will be encouraged to participate in the reform."

"Fiscal expansions and monetary contractions strengthen currencies," said Jason Furman, a professor at the Harvard Kennedy School and former chairman of the White House Council of Economic Advisers, adding America's currency has strengthened by an average of more than 7 percent against those of its trading partners since April.

"Finally, as we reopen, wherever possible we will move to 5 day a week in-person learning. We want our kids in the classroom for as much time as possible. Our families do, too," he added.

"Financing for developers has become increasingly difficult in the domestic market due to the tight policies enacted to prevent systematic risks," said Li Xiaoxiao, an analyst with Tongce Real Estate Research, a realty information and consultancy services provider.