The country also promised to ensure fair competition and make sustained efforts to create a market-oriented, law-based, and internationalized business environment, a move that will further improve the quality of the market economy and inject vitality into the market, Iiyama said.
The consumer-price index declined by 0.8 percent last month – the second consecutive month prices have dropped since the coronavirus pandemic and the largest drop since 2008, the US Labor Department reported.
The coordination of monetary and fiscal policies should be strengthened, and the efficiency of countercyclical policies should be improved to deal with the COVID-19 effect, said Zhang. "Fiscal policy should take a more significant role to support spending, which can also help governments at all levels to inject capital into small and medium-sized banks by issuing bonds or using their own funds to supplement capital and improve the ability to support the real economy."
The cooperation covers air logistics, procurement, mutual promotion on respective premises and digital channels, it added.
The country had a staggering 772 million internet users at the last count, 97 percent of whom access the web using a smartphone, according to the China Internet Network Information Center, or CNNIC.
The conference was held just a few days before the two-year anniversary of the 2016 referendum which began the still-ongoing process of Britain leaving the European Union, known as Brexit.
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The country has opened 356 international road routes for both passengers and goods, while maritime transportation services now cover all countries along the Belt and Road, he added.
The conference also saw the launch of the IoT Innovation and Entrepreneurship Competition, the 2019-2020 Annual Report on the Development of IoT in China, and the 5G-empowered platform developed by Chinese telecommunication giants.
The cooperation between Chinese and Australian enterprises is mutually beneficial, he said, adding that Australia should facilitate such cooperation because it not only conforms to the interests of Chinese companies but also the interests of Australian companies and consumers.
The countdown for the upcoming poll has already begun, particularly when the United States canceled the talks with the Taliban, after the militants' claimed suicide car bombing that killed two foreign soldiers, including an American, and 11 others in the Afghan capital Kabul.