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Since winning the election, Duterte has made a series of overtures on China-Philippines relations, signaling that improvement of relations with China would be a foreign policy priority of his government, in sharp contrast to the wrong foreign policy pursued by the former government.

When the international financial crisis broke out eight years ago, countries resorted to various policy tools to grapple with the crisis and stimulate growth. Eight years on, recovery of the world economy has fallen far short of people's expectations: global trade and investment are lackluster; commodities and financial markets have experienced volatility from time to time; growth prospects of developed and emerging economies are diverging; and geopolitical risks and destabilizing factors are both on the rise. Just a few days ago, the UK voted to leave the EU in a referendum. This is already making an impact on the international financial markets and adding to the uncertainties in the world economy. Against such a backdrop, to promote world economic recovery and the growth of all economies, we need to make joint efforts to tackle challenges, strengthen confidence, foster a stable international environment and find solutions to address root causes of the problems we face. European countries are important partners for China. Under the new circumstances, China will continue to maintain and grow its relations with the EU and the UK. We hope to see a united and stable EU and a stable and prosperous UK.

Merkel echoed Li saying she hoped the China-EU leaders' meeting would achieve new results.

BEIJING, July 9 (Xinhua) -- Chinese Vice Premier Wang Yang has said that the government should reinforce capital and personnel support to achieve the annual target of poverty reduction.

During the talks, the two leaders agreed to elevate the bilateral ties to a comprehensive strategic partnership so as to cement traditional friendship and deepen mutually beneficial cooperation.