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"China has the confidence and capability to maintain medium-high growth," Xi said while addressing a Group of 20 (G20) summit in Antalya in southwest Turkey.

Li's proposal on tripartite cooperation was echoed by a joint declaration issued by China, Japan and South Korea after the three-way summit.

In Deng's well-known speeches made during a tour of south China in 1992, Deng praised Singapore as the model to learn from.

Those who proceed with their exploration without obtaining approval will be fined of up to one million yuan (158,300 U.S. dollars) if they cause marine environmental damage. Serious violators will be held criminally responsible.

To achieve that goal, Xi raised four proposals, including strengthening communication and coordination on macroeconomic policies; promoting reform and innovation to enhance growth potential; building an open world economy to bring out vigor in international trade and investment; and implementing the 2030 Agenda for Sustainable Development to inject strong impetus into equitable and inclusive development.