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China will work to ensure that government departments and State-owned enterprises clear their undisputed arrears owed to private and smaller businesses as much as possible by the end of this year, and resolute efforts will be made to see the task through, the State Council's executive meeting chaired by Premier Li Keqiang determined on Wednesday.

China's aim in hosting the forum now is to gather the thoughts and wisdom of attendees, summarize achievements and experience, and plan routes for cooperation, he added.

China's Xiaomi continued its rise, almost doubling smartphone shipments from a year ago, according to the Strategy Analytics report. "Xiaomi is soaring fastest in India and China. Xiaomi has improved its Android smartphone designs and massively increased its retail presence online and in stores across those countries. Better phones plus more shelf-share mean higher sales," said Mawston.

China will not change its stance of firmly supporting the European integration process, and believes that Europe is capable and wise enough to face the challenges, Xi said.

China's benchmark Shanghai Composite Index managed to edge up 0.02 percent to close at 2,603.8 on Thursday, despite plunges on overseas bourses led by Wall Street. [Photo provided to China Daily]