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"The successful maiden flight of the Y-20 is a new beginning after a long, hard journey for China's aviation industry," said Zhu.

As the first public event after arriving on Friday, Xi and his wife Peng Liyuan joined Serbian President Tomislav Nikolic, Parliament Speaker Maja Gojkovic, Prime Minister Aleksandar Vucic and all other cabinet members in paying silent tribute to the martyrs.

The fundamentals of the Chinese economy have remained unchanged, and our macro policies will maintain continuity and stability. In the meantime, we will continue to innovate means of macro control, implement the proactive fiscal policy with greater intensity and efficiency, and carry out the prudent monetary policy in a flexible and appropriate fashion. We will channel more resources into areas that help strengthen weak links, increase the momentum of development and take development to a higher level, as well as into areas of the new economy that serve to promote economic transformation and upgrading. The current debt ratio for the Chinese government is around 40 percent, and is only around 16 percent for the central government, lower than many other major economies. This has given us space for a proactive fiscal policy. A high savings rate in China means huge potential for the development of multi-tiered capital markets. It also means major leeway for improving financial regulation methods and financial resource allocation. We are in a position to create conditions to gradually lower corporate leverage ratio and financing costs in a market-based and law-based manner. We not only have sufficient policy tools to keep economic performance within the reasonable range. We also have strong ability to prevent systemic or regional risks. In the stage of transition, short-term fluctuations of economic growth are hardly avoidable, but the Chinese economy will not head for a "hard landing". And we will be able to achieve the main economic and social development targets set for this year.

In 2016, more than 600 PPP projects have been implemented in China, accounting for 23.8 percent of signed PPP contracts. Statistics from the ministry of finance shows that 39 percent of them have private business partners.

Xi suggested China and India support each other in regional and international affairs and work together to make successes of this year's Group of Twenty summit and BRICS summit.