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An official from Paraguay said Paraguay, Argentina and Uruguay will also benefit if this project is completed.
Now, the Chinese economy has entered a state of new normal. It is shifting gear from high speed to medium-to-high speed growth, from an extensive model that emphasized scale and speed to a more intensive one emphasizing quality and efficiency, and from being driven by investment in production factors to being driven by innovation. China's economy grew by 7.4% in 2014, with 7% increase in labor productivity and 4.8% decrease in energy intensity. The share of domestic consumption in GDP rose, the services sector expanded at a faster pace, and the economy's efficiency and quality continued to improve. When looking at China's economy, one should not focus on growth rate only. As the economy continues to grow in size, around 7% growth would be quite impressive, and the momentum it generates would be larger than growth at double digits in previous years. It is fair to say that the Chinese economy is highly resilient and has much potential, which gives us enough room to leverage a host of policy tools. Having said that, China will continue to be responsive to the new trend and take initiatives to shape the new normal in our favor. We will focus on improving quality and efficiency, and give even greater priority to shifting the growth model and adjusting the structure of development. We will make more solid efforts to boost economic development and deepen reform and opening-up. We will take more initiatives to unleash the creativity and ingenuity of the people, be more effective in safeguarding equity and social justice, raise people's living standards and make sure that China's economic and social development are both sound and stable.
Government departments and enterprises from the two countries will sign a stack of cooperation documents on economy and trade, customs, education and culture.
NEW YORK, May 14 (Xinhua) -- Visiting Xinhua News Agency President Cai Mingzhao on Thursday met here with President of Reuters Stephen Adler and the two exchanged views on transformation of news media in the digital era.
Hua said a world heritage application should promote peace as upheld by UNESCO and the Convention Concerning the Protection of the World Cultural and Natural Heritage.
来源：资阳报