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China will stay on the path of peaceful development, and continue to pursue a mutually beneficial strategy of opening up, Xi said.

China will maintain a flexible renminbi exchange rate and push forward reform of the foreign exchange regime, Pan Gongsheng, vice-governor of the central bank, said at the China Development Forum 2019 on Monday.

China's aid for Pacific countries represents mutual support and assistance between developing countries, and is an important part of South-South cooperation, Wang said.

China's bicycle manufacturers above designated size saw their revenue fall by 1.4 percent year-on-year to 35.72 billion yuan (.1 billion) in the first nine months, with their profit surging by 92.1 percent to 1.23 billion yuan.

China will increasingly rely on longer-term and special-purpose government bonds to finance construction and stabilize the economy, preventing the GDP growth rate slowing to a multi-decade low in the second half of this year, said economists.