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China will continue pursuing development at home and, at the same time, embrace the world with open arms and join hands with global partners to build an open world economy, so as to make a greater contribution to the common prosperity of all countries.
China plans to eliminate 100 million to 150 million tons of crude steel capacity in five years from 2016, and 500 million tons of coal. After the process around 1.8 million employees will no longer be needed, official data shows.
China removed import tariffs on anti-cancer drugs starting in May and lowered value-added tax on the production and import of the drugs.
China took over from Venezuela, Cuba's traditional ally, given economic and political problems in the South American country.
China was investing in and financing infrastructure projects around the world long before it launched the BRI in 2013, but the initiative helped to supercharge these deals, as did the launch of the China-led Asian Infrastructure Investment Bank in 2016.Over the past couple of years, Latin America has emerged as a significant focus of these deals.
来源：资阳报