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France and China should augment high-level exchanges, deepen cooperation in areas of economy and trade, investment, agriculture, nuclear energy, environment and others, enhance communication and coordination on global issues such as combating climate change, safeguarding multilateral trade system and guarding against financial risks, said Macron.

Members of the NPC Standing Committee deliberated a report on the work of the 12th NPC Standing Committee, the agenda of the first session of the 13th NPC, the presidium and secretary-general name list, and a name list of non-voting delegates.

The initiative, proposed by China in 2013, aims to build trade and infrastructure networks connecting Asia with Europe and Africa along the ancient Silk Road trade routes to seek common development and prosperity.

The guiding thought is to implement the spirit of the 19th CPC National Congress, follow the guidance of Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, the Scientific Outlook on Development, and Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

But that's just money matters. Western powers' dominance of global institutions has brought them even greater payoffs. Following the end of World War II, the United States, along with its allies, has been leading the World Bank and the International Monetary Fund, the pillars of the global financial system. Indeed, the post-war world order is seen by many as an age of "Pax Americana."