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Addressing the opening ceremony of the forum, Su Wei, deputy secretary general of the National Development and Reform Commission of China, said that important projects including the New Yangon City project, Kyauk Phyu Special Economic Zone (SEZ) Deep-Sea Port project and China-Myanmar railway project have made significant progress.

The annual figure rose from 1.6 percent for 2017 and exceeded 2 percent for the first time in the past four years.

The city has been boosting its real economy, with the industrial investment increasing by 17.7 percent in 2018, the greatest growth rate the city has seen during the past decade. It recorded around a 10 percent growth rate in the output of emerging industries including new energy cars, high-end medical equipment, integrated circuits and biomedicine.

Top leaders of the two countries have multiple means to deepen mutual understanding. Last December, President Xi and his U.S. counterpart Donald Trump met in Buenos Aires, Argentina to reach important consensus. Telephone conversations and congratulatory letters between them were made subsequently. All of these have helped chart the course for China-U.S. relations in the next stage.

On the basis of previous negotiations, the two sides had in-depth discussions on economic and trade issues of common concerns in the past two days, and new progress was made on important and difficult issues, they said, adding that they have high hopes although a lot of work lies ahead.