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Fourth, we need to step up people-to-people and cultural ties to add new vitality to Asia-Europe cooperation. Our two continents, with fascinating episodes of exchanges between the East and West in history, are making new progress in inter-civilizational dialogue and cooperation. People-to-people and cultural ties, as an important pillar of ASEM, deserve greater resource input from all of us to build up momentum and support for political and economic cooperation. There should be more exchanges between our parliaments, social organizations, think tanks, universities and media outlets to enhance understanding and friendship between our peoples. This is also conducive to cementing political mutual trust.

Freeman said the overall trade deficit of the US was a result of that fact that Americans consume more than they save, which means the country imports more than they produce.

Frank-Jurgen Richter, founder and chairman of Horasis. [Photo provided to chinadaily.com.cn]

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French food giant Danone was among the first to sign a long-term contract with the CIIE Bureau.

Fourthly, the three sides committed to a tightened trilateral cooperation, promising to explore possibilities for projects regarding people's livelihood and transportation infrastructures, on the basis of personnel exchanges and training, Wang said.

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From January to June, China Telecom has spent 43.13 billion yuan, with capital expenditures on 5G reaching 20.15 billion yuan, accounting for 46.7 percent of total spending. The whole year's budget has stayed unchanged at 85 billion yuan.

Free training and services to help the islanders find jobs are available to the residents to secure them a better life in urban areas, he said.

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Foxconn Technology Group is reportedly planning to bid up to billion to acquire Toshiba's chip business, according to Bloomberg.

From my experience and observations of economic development in countries around the world, a common thread is the ability of governments to set clear goals.