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China views its Africa ties as indispensable for the attainment of its Belt and Road Initiative, which was launched in 2013 as a strategic policy for global engagement.
China maintained its leading role in the global tourism market with outbound tourists spending 8 billion in 2017, accounting for one-fifth of the world's total spending on tourism, according to a world tourism report.
China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.
China set up the Belt and Road Initiative to exert influence and make new alliances with countries initially in Asia. But now the initiative is open to all the countries of the world — a world of closer cooperation with China.
China will boost domestic consumption and further opening-up for a better economic environment in 2019, according to Ning Jizhe, deputy director of the National Development and Reform Commission during an interview with reporters from a number of state media, haiwainet.cn reported.
来源：资阳报