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He urged the two sides to explore their economic complementarity, steadily push forward the China-Laos economic corridor and China-Laos railway, and expand cooperation in such fields as energy, resource, electricity, finance, education, health care and poverty alleviation, in order to allow the two peoples to enjoy the benefits of cooperation as early as possible.

He said the key to advancing high-quality development is to pursue supply-side structural reform, pushing for changes in quality, efficiency and drivers of economic growth.

He still believes that the collapse of the Berlin Wall didn't terminate socialism in the world, as he has witnessed socialism with Chinese characteristics leading China to become the second-largest economy in the world.

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He was addressing a news conference that followed the conclusion of the second session of the 13th National People's Congress, China's top legislature, on Friday.

He said the scale and speed of the construction were acclaimed as "a world-level miracle" by the Community of Metros, an international organization of metro builders and operators.

He told the paper Chai Wei had flown to Canada ahead of schedule on Dec 18, and that six days later he discovered his bank card was missing. He asked his daughter on WeChat but was blocked later that day, he said.

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He was attracted by the beautiful landscapes in Dali and an old compound having distinctive features of the Bai ethnic group. The compound was built in 1948 and once belonged to the family of businessman Yang Pinxiang, a trader who had gained great wealth in the early 1900s. The property had fallen into disrepair, though it was put under national protection in 2001.

He said the prospect of US tariffs increasing in January to 25 percent is "not positive", since prices will go up, and Walmart would prefer to see a resolution. But he noted that consumers are expected to continue to be in "good shape" going into the holiday shopping season.

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He said the Volkswagen brand will localize 10 purely electric models of its ID family in China with its two joint ventures FAW-Volkswagen and SAIC Volkswagen by 2023, in addition to 10 new energy versions of models in its current portfolio by 2020.

He sees the changing environment as an opportunity for CIMC to cultivate talent and grow stronger as the company looks ahead to its next 40 years of development.