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Despite disputes and frictions, China-US economic and trade cooperation has expanded steadily and generated huge benefits for people of both sides, with bilateral trade rising 13.7 percent year-on-year to 2.64 billion during the first nine months of this year.

Departments encouraged to buy agricultural goods

Demand is also recovering. Apparent consumption of crude steel during the January-September period was 769 million tons, increasing 8.94 percent year-on-year, up 1.7 percentage points from the January-August period.

Despite the huge reduction, the baseline projections suggest that 6 percent of the world's population will still be living in extreme poverty in 2030, if current trends continue.

Despite the coronavirus outbreak that hit China and many other countries and regions around the world, Shenzhen has overcome the downward pressure on the economy and has so far invested 4.54 billion yuan to help poor counties in the central and western parts of the country develop their economies this year — up 980 million yuan from last year's 3.567 billion yuan — Zheng said.