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The World Bank lowered its 2019 and 2020 global economic growth forecasts in June, while the Conference Board data showed that U.S. consumer confidence fell in June to the lowest level since September 2017 as heightened trade tensions apparently took a toll on market sentiment.

He said the two countries should respect and give consideration to each other's core and just concerns to uplift bilateral pragmatic cooperation to a new level and further enhance the China-France comprehensive strategic partnership under the new circumstances.

The role that technological innovation plays in economic development has been enhanced since the beginning of the year, with solid progress made in restructuring industries.

Hungary is willing to work with China to maintain closer high-level exchanges, expand cooperation in areas like trade, investment, finance, and education, and closely coordinate and cooperate in multilateral affairs, so as to promote bilateral relations to make new progress, said Szijjarto.

The Chinese leader thanked Kim for the grand and rousing welcome ceremony, adding that he could feel the family-like friendship between the two peoples all along the way from the airport to the state guest house.