(Yicai  Global) Dec. 18 -- China has been opening up to the world over the last  40 years in both domestic and international markets. We are where we  are now because of the reform and opening up policy.

Our  world faces more challenges in terms of poverty, the environment and  technologies as reform has intensified, and we will overcome such them  via innovation. We cannot keep on solving problems in old-fashioned ways  which will hinder our pursuit of development. Innovation is the only  way to solve the problems of the world.

(Jack Ma, founder of Chinese e-commerce giant Alibaba Group Holding)