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Since China adopted the reform and opening-up policy, the Chinese economy has maintained rapid growth to become the world's second largest economy in 2010. In recent years, the Chinese economy has been growing on a large base figure amidst global complexities as well as long accumulated underlying domestic issues. China has relied on reform and innovation to maintain a medium-high growth rate and accelerated economic transformation and upgrading. In the first half of this year, the growth rate was 6.7%, which was among the fastest in major economies. People's livelihood kept improving, personal income growth was basically in sync with economic growth, and over 13 million new urban jobs were being created on an annual basis. China's economic aggregate has exceeded US trillion. Every one percentage point of growth now equals several percentage points of growth before, and the yearly economic increment is tantamount to the economic aggregate of a middle-income country. China's contribution to global economic growth has been around 25%.

He also called for more bilateral cultural exchanges to promote the friendship.

China is also ready to encourage Chinese businesses to invest more in the Philippines to help the country's economic growth, said the Chinese president.

Xi added that with the king's personal care and promotion, as well as the common efforts by the two countries, the Sino-Thai friendship has borne many fruits.

The meeting also approved two documents on the discipline of the party, including the norms of political life within the party under the new situation and a regulation on intra-party supervision.