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China will see a bumper harvest this year with stable cereal grains output, and large-scale cereal purchases have kicked off recently, the National Food and Strategic Reserves Administration revealed on Tuesday.

China wishes to further leverage the bilateral "fast tracks" and build a regional "fast track" network. Our two sides need to further synergize the Belt and Road Initiative (BRI) with ASEAN's development plans, hold the meeting of the Connectivity Cooperation Committee at an early date to discuss priority cooperation areas and projects, and steadily advance the China-Laos Railway, the China-Thailand Railway, the Jakarta-Bundung Railway and other major projects. China has completed the first stage of fund-raising of the China-ASEAN Investment Cooperation Fund II, totaling one billion US dollars. The Fund will be officially established and put into operation as soon as possible to support ASEAN's major projects in such fields as infrastructure, energy and resources, and boost regional economic and trade exchanges.

China's AMCs were created in 1999 in order to remove non-performing loans from banks' balance sheets and guard against financial crisis due to bad loans. The national-level AMCs include Cinda, Huarong, Great Wall and China Orient.

China will expand goods imports, including important raw materials, and give full play to the advantages of the new format of foreign trade, extensively collect overseas market information and expand supply sources, as well as use overseas warehousing and international transportation resources operated by cross-border e-commerce platforms to improve procurement and distribution efficiency, Li said.

China will remain cautious and strive to finally win the battle against the virus as early as possible, providing confidence for epidemic control in other countries, he added.