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At a UN Economic and Social Council forum on financing for development, Ma Zhaoxu, China's permanent representative to the United Nations, said there is a need to work toward an open global economy and a community of shared future for mankind.

"Prudent monetary policy will be neutral in general," he said. "Growth of M2 and aggregate social financing will be commensurate with that of nominal GDP growth, to better serve the goal of maintaining economic growth within an appropriate range."

The joint venture will gain experience from ING Bank's direct banking service and take advantage of financial technology to build itself into a new digital banking brand.

Stopping by the house of Tan Dengzhou, an impoverished villager, Xi learned that Tan and his wife were unable to work due to illness and thus faced financial difficulties.

The further China gets in the crucial stage of the fight, the greater the need to tackle real problems with attention to details, to ensure substantive, sustainable outcomes.