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ASEAN's cooperation with its most active partner China took center stage at a series of meetings. The two sides agreed to add people-to-people exchanges as a new pillar for cooperation, and effectively implement the Declaration on the Conduct of Parties in the South China Sea (DOC).

China is willing to work with ASEAN to hold a successful commemorative summit marking the 25th anniversary of the dialogue relationship in September this year and to advance bilateral relations to a higher level, Yang said.

Pointing out that there is immense potential for cooperation in industrial capacity between China and ASEAN, the Chinese minister called for more efforts in this regard and building cross-border industrial chains.

BEIJING, July 28 (Xinhua) -- Businesses and financial institutions from China and Africa signed a total of 39 deals worth around 17 billion U.S. dollars here Thursday.

Such measures are being carried out now as China's private business growth momentum has yet to pick up. Private business investment, which is mostly small and micro businesses, contributes more than 60 percent of China's fixed assets investment, and private business provides more than 80 percent of the country's workforce. Yet the sector has experienced a slowdown in growth for the first half of this year due to a variety of reasons, including volatility in the international market.