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Noting that this is a baseline scenario, the IMF chief economist said in a more adverse scenario, global gross domestic product (GDP) could fall even further by an additional 3 percent in 2020 if the pandemic does not recede in the second half of this year.

Observers see great potential and more opportunities

Not to mention the nation's low fertility and ongoing rural-to-urban migration, which make the vast funding requirement of China's ageing society a challenge.

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O'Neil said police have identified the suspect as Akayed Ullah and have kept him in custody. He gave no further details about the suspect.

OSLO - China's leading mobile and online payment service Alipay launched its operations in Norway on Monday to boost Chinese customers' shopping experience in the Nordic country.

Noting that Slovenia has always been an active participant in and important contributor to China-CEEC cooperation, Wang said he believes that the European country will make new contributions to making a success of the Beijing summit.

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O'Connor said the Irish government is fully aware of the importance of creating the opportunity to learn Chinese for its students, especially against the backdrop of economic globalization and deepening China-Ireland trade ties.

Noting that the Hong Kong police attaches great importance to law-related education among the youth, Xi said it is a far-sighted move.

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Noting that trade in services is on course to becoming the priority area for China's economic upgrading and transformation, he said China's efforts to develop the trade not only comply with its domestic consumption demand but also create enormous potential for mutually beneficial cooperation with other countries.

Noting that China has been Vanuatu's closest partner and friend since the two countries established diplomatic relationship, Vanuatuan President Tallis Obed Moses said Xi's election brings hope for stability and prosperity both in the Pacific island country and around the world.