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London is a hub for RMB business outside Asia. The city has offices of all five major Chinese banks and the City of London RMB initiative, the first clearing bank outside Asia for the RMB. The two countries have also signed the yuan-pound swap line, and witnessed the first non-Chinese sovereign RMB bond by the British government.

The president stressed that China-U.S. economic and trade cooperation is mutually beneficial in nature.

In addition, Xi said, countries need to step up their macroeconomic policy coordination to avoid as much as possible negative spillover effects, and regional organizations should accelerate their integration process and build their overall competitiveness by mutually complementing intra-regional advantages.

He attributed the company's participation in the project to the increasingly close economic and trade ties between the two countries.

In the government work report, released in March, Premier Li Keqiang identified mass entrepreneurship and innovation as new engines for economic growth.