The core leadership of the Communist Party of China, for the first time, raised the notion of demand-side reform on Friday, in pursuit of the "dual-circulation" development pattern, in which the domestic market is the mainstay while the domestic and foreign markets boost each other, Fu added.
The country will also strengthen the protection of legitimate interests of foreign investors, fully implementing the Foreign Investment Law, the document said.
The core festival event will be held in Yuncheng, Shanxi province. It will be the first time the event is held outside Beijing since the festival was created in June 2018.
The country will stick to equal-footed consultation and mutual benefits, and promote platforms such as the Group of 20 in playing the role of advancing international economic cooperation, said the document.
The country has taken solid measures to strengthen the real economy, advance supply-side reforms, nurture innovation and improve the quality of development.
The country has acted decisively to limit the adverse impact of the COVID-19 shock on the domestic economy, Peschel said, adding that further temporary measures to stabilize jobs, income and consumption would support the recovery of the economy and strengthen its resilience.
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The consensus document, unveiled at the launch of a monthlong festival showcasing the four countries’ natural and cultural attractions, calls for the building of sustainable cultural exchanges, outbound and inbound tourism, and tourism investment mechanisms in coastal cities around the world.
The country has also logged 1,720,613 cases of the virus, far more than any other nation, the tracker kept by the Baltimore-based university showed at 8:30 pm on Thursday.
The confirmation appeared to secure a solid majority of conservatives on the US highest court in the coming years, a big win for Trump and the Republican Party.
The core part of the Padma Bridge over the Padma River in Bangladesh is being built by China Railway Major Bridge Engineering Group Co Ltd on Feb 21. [Photo/Xinhua]