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In Buenos Aires, Argentina, Xi will attend the 13th Group of 20 summit.

China is now Spain's largest trading partner outside the EU, while Spain is the sixth biggest trading partner of China within the EU.

Secondly, Xi urged the G20 to forge strong partnership and step up macro-policy coordination.

"Ma'anshan provides a favorable investment environment and policies to Taiwan-based companies. Therefore, more and more Taiwan-based companies are coming to invest here instead of the Pearl River Delta and Yangtze River Delta areas," said Xu Xing, deputy secretary-general of the TEEIA.

Fifth, we should focus on a rules-based approach to improve global governance. With the painful lessons of two world wars in mind, countries established the global governance framework underpinned by the United Nations and composed of the IMF, the World Bank, the WTO and other institutions. This framework, while not an ideal one, represents an important step in human history. Indeed, it has been pivotal to global peace and development in the past decades. We must strengthen rules-based global governance if we are to achieve stability and development. Rules should be formulated by the international community, not in a might-is-right way. Once the rules are made, they should not be followed or bent as one sees fit, and they should not be applied with double standards for selfish agendas.