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This year, relevant investment under the central budget will be used entirely for power grid upgrading in poor areas and the proportion of central funding will be raised. Rural power supply monitoring and evaluation systems will be set up and power connection for pumping wells will be included in daily services provided by power grid companies, so as to deliver better power services in rural areas.

"We are certainly going to see a significant reduction on the world's functional markets. Look at what has been happening on the equity market for the couple of days," said Dawie Roodt, chief economist at African financial services company Efficient Group.

Water levels of major rivers in southern China would be above the warning line, according to the weather forecast.

The meeting between the two leaders broke a deadlock over trade issues that lasted for over a month, during which trade tensions between the two countries kept escalating, putting the global economy under great downward pressure.

During his trip to Osaka, by upholding multilateralism, the Chinese president guided the dialogue and discussions towards the direction of cooperation and inclusiveness in order to achieve win-win results.