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By Chinese industry estimates, the country has been producing well over 10 billion carats of diamond annually for almost a decade, but most of the products have gone to industrial use such as in abrasives.

China also would have higher debt-to-GDP ratio in 2019 due to the slowdown in economic expansion and the easing of fiscal policies, which will likely lead to a rebound of the property sector, liquidity level, and ideally consumption to investment level in 2019, according to Mariscal.

Over the past two years, the appeal by the Chinese leader has been incorporated into various documents, including UN Security Council resolutions, UN Human Rights Council resolutions, the Qingdao Declaration of the Council of Heads of Member States of the Shanghai Cooperation Organization, Forum on China-Africa Cooperation Beijing Action Plan (2019-2021).

This year marks the 40th anniversary of its reform and opening up, which China commemorates with more concrete moves to open and overhaul its economy.

Covering a distance of 31,800 nautical miles (around 51,177 kilometers), Peace Ark conducted goodwill visits and provided medical services to the local people when it made port calls to countries such as Papua New Guinea, Vanuatu, Fiji, Tonga, Venezuela and Ecuador.