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China is set to boost the development of the general aviation industry, with a focus on civil helicopters. The market value is expected to reach 1 trillion yuan (7.2 billion).

China implemented a 4 trillion yuan stimulus package in 2008 to navigate through the global financial crisis. Aftereffects of that package caused many economists and finance professionals to be overcautious against large-scale stimulus. But we must understand that whether China adopts major stimulus measures or not depends on macroeconomic challenges and cost-benefit analysis.

China is shaping up to be an emerging force in the global private equity scene. The country was home to 14,309 private equity and venture capital firms by the end of June.

China is ready to work with other SCO members to draw blueprints for defense and security cooperation, innovate ways to cooperate and improve the security cooperation framework, Xi said.

China hopes all related parties will behave with caution and jointly safeguard the peace and stability of the region, he said at a daily news conference.