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According to World Trade Organization estimates, global trade would slump between 13 percent and 32 percent this year.

Since then, bilateral cooperation has generated major results in such fields as energy, construction of cruise ships and ports, as well as third-market development, Wang said.

Wang stressed that united front work personnel should stay on top of the development and demands of private enterprises, and make concerted efforts to fully implement the policies of the CPC Central Committee to support the private sector.

While visiting Sunward, an advanced machinery manufacturer in the provincial capital city of Changsha on Thursday afternoon, Xi inspected the workshop and spoke highly of the innovation spirit of the employees.

Promoting a new kind of urbanization that puts people first is where the greatest potential of domestic demand lies, and it will help keep the fundamentals of the economy stable, the meeting said.