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Multilateral Development Banks (MDBs), institutions that provide financing for national development, are encouraged to join hands in solving financing problems of small and middle-sized enterprises in developing countries, he said.
"Since the diplomatic relations were established 45 years ago, the two countries have maintained a close high-level contact and the exchanges and cooperation in politics, economy, trade and culture are ever expanding," said Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference.
He also noted that history and the facts have repeatedly showed that the South China Sea can only be peaceful and stable so long as the regional countries themselves get hold of the key to fixing the problems.
Regarding the mutually beneficial cooperation, Wang said China is now deeply involved in Africa's industrialization and agricultural modernization with a focus on financing and investment cooperation.
Calling the new normal a stage that China cannot bypass if the country is to upgrade its economy and make it better structured, Xi stressed the significance of reform, which he said is crucial to maintaining medium-high rate of growth under the new normal.
来源：资阳报