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China's PPI dropped 0.8 percent year-on-year in August last year, but has returned to positive territory. In the first quarter of this year, China's GDP growth was 6.9 percent, beating market expectations and laying a solid foundation for China to meet its pre-set annual growth target of around 6.5 percent for this year.

China's central bank cut the benchmark lending rate by 0.2 percentage points on Monday, the largest decline since the new rate was set in August 2019, to lower financing costs and offset downward pressures from the coronavirus pandemic.

China will invite Japanese institutions to conduct research, share their experiences in pension investment product design, promote the exchange of financial data between the two countries, and grant greater access for participants from both countries in their respective markets, according to Hong.

China would always stand by developing countries and be their sincere friend and reliable partner, no matter how the international situation changed or how China developed, Xi told Biya.

China will strengthen the control of greenhouse gas emissions, continue South-South cooperation on climate change, and promote green and low-carbon ways of living and production in its continuous efforts to cope with climate change, he said.