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xpects the growth rate to hover at the same level again this year.

Chinese President Xi Jinping's speech at the Boao Forum for Asia confirming the country will open up further indicates the country will bring more dividends to the world via this policy, according to a post on the National Bureau of Statistics website Thursday.

China's privately-owned steel companies are proving to be more innovative and more productive than their State-owned counterparts, especially in the adoption of intelligent management and execution systems for cutting costs.

Chinese Ambassador to Serbia Chen Bo congratulated the country on its excellent response to COVID-19, adding that the joint battle against the pandemic had strengthened the ties between the two countries.

China, Malpass said, "has been hugely successful in reducing extreme poverty," adding that as many as 850 million people are no longer in extreme poverty as the median income in China went up over the decades.