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Besides bustling business exchanges, the expo will feature a forum on global economy and trade with a star-studded line-up to provide thoughts on shared prosperity.

The CIIE shows China's determination to open its market and creates broader space for cooperation between China and other countries, said Georg Zanger, president of the Austrian Chinese Business Association.

Vasileios Trigkas, a scholar and research fellow at the Belt and Road Strategy Institute of Tsinghua University, said not to impose new tariffs is "a ceasefire which buys time for technical negotiations."

BEIJING, Dec. 10 (Xinhua) -- Chinese President Xi Jinping and visiting German President Frank-Walter Steinmeier agreed Monday to further intensify the all-round strategic partnership between the two countries, to make bilateral cooperation yield more fruits that benefit both nations, both peoples, and the world peace and prosperity.

5.Both sides reaffirm the importance of existing China-Philippines bilateral dialogue mechanisms such as the Foreign Ministry Consultations, Consular Consultations, Joint Commission on Economic and Trade Cooperation, Annual Defense Security Talks, Joint Committee on Agriculture, Joint Committee on Fisheries, and the Joint Commission Meeting on Science and Technology, among others, in enhancing understanding, broadening cooperation, and striving for a stronger partnership.