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While things may not look good, we must not lose confidence. The truth is, Asia has emerged only stronger from the two previous financial crises. Quite many Asian countries have become much more experienced as to how to beef up the real economy and fend off financial risks. Regional cooperation in Asia has also delivered fruitful results. Last year, growth in Asia was still faster than the global average. Asia's share in the global economy further increased, and Asia contributed to about one third of global trade. This part of the world has remained one of the most dynamic globally.

To ease traffic jams in the cities, China looks to expand public transport network such as buses and railways. By 2020, China aims to raise the penetration of public transport to 40 percent in megacities, 30 percent in big cities and 20 percent in medium- and small cities.

The steady development of the China-Czech ties is in accordance with the strong cooperation momentum between China and the CEE region. All 16 CEE countries are along the route of the "Belt and Road."

During his stay in Jinggangshan, the President honored revolutionary martyrs and presented them with flower baskets in Jinggangshan Revolutionary Martyrs' Cemetery. Xi also visited former residences of late Chinese leader Mao Zedong and Zhu De.

During the meeting, the economies also promised to fully implement agreed financial reforms, combat terrorist financing and mobilize green finance.