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Recent years have seen China make visible progress in developing a national social credit system. A unified social credit code has been introduced nationwide. A total of 33.99 million credit codes have been issued to newly registered businesses. And 71 central government departments and provincial governments have been connected to the national credit information sharing platform. The cross-sectoral, inter-agency mechanism of incentives and disincentives for acts of good or bad faith made initial impacts. Big data has been applied in credit investigation and helped businesses meet real needs.

"In today's world of increased factors of uncertainty and instability, China's development faces both opportunities and challenges," Xi said.

Economic and trade disputes should be handled properly through communication and consultation, and different parties need to take care of each others' major concerns, Wang added.

The Ebola epidemic hit Africa between late 2013 and 2016, causing more than 11,000 deaths in nearly 30,000 cases, according to UN statistics.

With the supply-side reform as the main clue, reforms should be made to improve quality, boost efficiency and upgrade the driving force of economic development, Xi said.