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This is the first time that the world's second largest economy took the presidency of the prime platform of global economic governance.

China plans to end poverty by 2020, in part by relocating 10 million people over the next 5 years from barren or geographically disadvantaged areas to start new lives elsewhere.

Though China's satellite navigation and location-based service industry is still at an early stage of development, its output value will continue growing at an annual rate of 20-30 percent in the coming years, the white paper predicted.

Premier Li said that now world economic recovery remains slow and global trade is sluggish. Meanwhile, the idea of "de-globalization" is emerging, as represented by protectionism and isolationism; geopolitical risks are increasing; and Britain's exit from the EU has brought new complexities to the world situation. This important roundtable is being held at a time when the world economic development is at a crucial stage. Being the first collective dialogue between the Chinese government and major international economic and financial institutions, the roundtable demonstrates China's readiness to strengthen communication with the international community. We hope that all sides will have a correct reading of the development trend in the world, put forth good policies to spur world economic growth, and work together to promote economic recovery, stabilize the financial sector and guide market expectations. Premier Li raised the following five proposals at the roundtable:

Many cities and counties in Guangxi are already experiencing downpours, and more are forecast to hit the south of the region.