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China aims to eradicate absolute poverty by 2020, with some 30 million rural people expected to be lifted out of poverty by then.
China also lowered the tariff on imported industrial products last year. Beginning from July 1, the 20-25-percent tariffs for imported vehicles were cut to 15 percent, and duties on auto parts were lowered to 6 percent from the previous levels of 8 to 25 percent. At the same time, duties on more than 8,000 types of industrial products were also lowered to different extents.
China agrees to host a FOCAC summit in 2018, based on President Zuma's proposal and the common aspritions of other African countries, Xi said.
China Mobile will launch 5G smartphones in the first half of next year as part of their plan for pre-commercial trials of 5G in 2019 and full commercialization of 5G in 2020. [Photo/IC]
China and Nepal signed a memorandum of understanding in 2017 on jointly building the Belt and Road. In April, Nepali President Bidhya Devi Bhandari paid her first state visit to China and participated in the second Belt and Road Forum for International Cooperation.
