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In 2017, Volvo Cars has reported a strong 27.7 percent increase in operating profit, earning a record 1.8 billion dollars, and the company itself, which was struggling when Geely took it over eight years ago, is thriving. As for Geely, it has seen substantial improvements in technologies and management after buying Volvo, and quickened its progress in making itself a global brand, which has set the stage for its investment in Daimler this time.

"The Belt and Road Initiative is closely related to economic globalization and will enhance the competitiveness of Asia. That's why the initiative should be given priority and actively promoted among the Asian economies," said the report.

"This is a very important trend that will prompt marked changes in the growth pattern and quality of the economy," said Mao Shengyong, spokesperson of the National Bureau of Statistics (NBS).

Xi also urged the people to integrate their personal and family dreams with the Chinese Dream.

The two sides agreed on pushing the bilateral relations to a more strategic, practical, globalized and inclusive level, and making joint efforts to constantly lead the relationship between the two countries to move forward.