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According to the proposals, China aims to double its 2010 GDP and per capita income by 2020, and Xi has sent a clear signal that annual expansion of only 6.5 percent would be enough to meet its goal as the Chinese economy has entered a "new normal" period and is targeting "medium-high growth," or slower but quality growth.
Lin Yi, the Vice President of the Chinese Peoples' Association for Friendship with Foreign Countries (CPAFFC) said the Johannesburg meeting with African Mayors was convened to focus on the China-Africa relations on all areas of economic cooperation.
The meeting followed the generally upward trajectory of China-Japan ties since the two Asian neighbors reached a four-point agreement in November last year, which committed them to building crisis management mechanisms, fostering mutual political trust and improving their strategic relationship of mutual benefit.
Analysts say that China-South Korea relations, described as featuring "warming politics, hot economy," are at the best in history since the two nations established diplomatic ties 23 years ago.
The two sides agreed to promote the use of renminbi (RMB) in bilateral trade and investment, improve the use of the platform of the RMB clearing bank in Singapore, and steadily advance cross-border RMB business, it said.
来源：资阳报