of cooperation, defined key areas and strengthened the mechanism to seek high-quality development of the BRI, he said.
Leaders reached wide-ranging agreement on high-quality cooperation on the BRI at the leaders’ roundtable on Saturday after an i
n-depth exchange of views on issues such as connectivity, policy integration and sustainable development.
They supported comprehensive infrastructure connectivity as a way to foster economic growth and to build high-q
uality, reliable, resilient and sustainable infrastructure, according to a joint communique issued after the roundtable.
All parties involved supported strengthening synergies in development policies using the principle
of extensive consultations, joint contributions for shared benefits and building even closer partnerships, the joint communique said.
The leaders also upheld green and sustainable growth and agreed to enhance cooperation in areas such as environ
mental protection, circular economy and clean energy, according to the communique.
an independent choice based on the objective need of the country’s reform and development.
This is helpful in promoting high-quality growth, meeting the people’s need
s for a better life and promoting peace, stability and development of the world, he said.
China also hopes that other countries will create a good investment environment, treat Chinese enterpris
es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.
Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro
perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.
China will enhance policy coordination with the world’s major economic entities and j
ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said
A slew of new policies aimed at encouraging consumption
in key sectors will be unveiled soon, China Securities Journal reported.
rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M
arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe
rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.
In recent years, the government has, on the one hand, frequently intro
duced policies to promote opening-up, increase import and improve consumer welfare. On
the other hand, it has reduced and scrapped import tariffs on some consumer goo
ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm
unication said, adding that consumption still is the key driver for economic growth.