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China has prioritized protecting SMEs, workers, and poor people. On the other hand, the US bailouts, quantitative easing and stimulus packages after the 2008-9 Global Financial Crisis largely went to supporting large monopolistic companies and made income inequality even worse. As an American, I hope the US gets its priorities right so this does not happen again.

China has set itself the target of installing 5 gigawatts of offshore wind capacity by 2020. The UK, already a world leader in offshore energy with 5.1 gigawatts of capacity, plans to grow its holding to 10 gigawatts by 2020.

China increased its deficit by 1 trillion yuan (9.5 billion) and issued 1 trillion yuan in special COVID-19 response bonds as part of a more proactive fiscal policy, with the Cabinet setting up a special transfer payment mechanism to funnel the 2 trillion yuan directly to prefecture and county governments.

China is ready to work with Laos to facilitate high-level exchanges, deepen political mutual trust, implement major industrial capacity, economic and trade cooperation projects, and take the China-Laos tourism year as an opportunity to expand tourism cooperation and people-to-people exchanges, said Wang.

China has upheld AI as a key cornerstone to drive the next phase of growth, unleashing a series of policies in the past two years to bolster the sector's development. The guiding "New Generation AI Development Plan" has set 2030 as the year for accomplishing the global AI lead, with a bevy of milestones to be reached by the end of 2020.