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During the APEC meeting, Xi announced that China has established and put into operation the Silk Road Fund, and is now working actively with more than 50 countries to prepare for the launch of the Asian Infrastructure Investment Bank (AIIB).
He also called on the two countries to properly handle disputes through dialogue and consultation to maintain the peace in bordering areas.
Han said that if the FTA takes effect, it will upgrade high value-added industries via increased exchanges between industries of the two countries, forecasting that trade items between the two countries would rapidly change from low value-added to high value-added ones.
The RCEP deal is entering its final stage after three years of negotiations, and, if achieved, will be a catalyst for regional economic integration.
"In the long run, almost all of the growth really has to come from smarter processes in companies and better technology," he added.
