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Xi said BRICS economies are facing challenges posed by shrinking global demand and rising financial risks.

More efforts will be made to put the inclusive finance departments of state-owned banks in place at grassroots levels. Commercial banks will enjoy cut in reserve requirement ratio if their total or percentage of increase in individual loans of less than 5 million yuan to small and micro businesses, farmers, people under poverty line, students and guaranteed loans for startups reach a certain standard.

The plenum was presided over by the Political Bureau.

BEIJING, Nov. 2 (Xinhua) -- Chinese police caught 3,317 fugitives from over 120 countries and regions in the past five years, according to the Ministry of Public Security (MPS).

Geng said that previously, the resolutions adopted by relevant organs of the UN also contained content such as the building of the Belt and Road Initiative and the community of shared future for mankind that were proposed by China. This demonstrates that Chinese voices, proposals and wisdom are gaining understanding, support and response from an increasing number of countries and are becoming the consensus of the international community.