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I wish to announce here that China will launch the Economic and Technical Cooperation Plan for BRICS Countries with 500 million yuan for the first term to facilitate policy exchange and practical cooperation in the economic and trade fields. China will contribute four million US dollars to the NDB Project Preparation Facility to support the business operation and long-term development of the bank. China will work with all parties to follow through on the outcomes and consensus achieved in the past, and make good use of existing mechanisms. Together, we must seize the historic opportunities of the new industrial revolution, explore new areas and models of practical cooperation, and enhance our links to ensure sustained and steady progress of the BRICS cooperation mechanism.

"Guo's fabrication and vicious words have greatly impacted the my reputation, as well as that of the company, executives and employers, and I express my strong outrage at this," said Yao.

Consumption and service, together with the innovation-driven new economic sectors, are taking up larger roles in the economy, according to data from the National Bureau of Statistics (NBS).

Volkswagen plans to offer Chinese consumers about 400,000 NEVs by 2020 and over 1.5 million by 2025, which has been an important part of the company's ambition in the Chinese market, according to Jochem Heizmann, CEO of Volkswagen Group China.

China encourages and supports its enterprises to invest in Uganda, and also hopes that Uganda will help Chinese companies to resolve difficulties encountered in cooperation, said Zhang.