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President Xi Jinping asked People's Liberation Army commanders on Tuesday to focus on strengthening their unit's combat capability following the establishment of 84 large units.

Powell said global economic indicators raise concerns that "weakness in the global economy will affect the US economy". He pointed to a decline in business investment.

Premier Li said the China-Central and Eastern Europe Investment Cooperation Fund, initiated by the Industrial and Commercial Bank of China last year, has market-oriented financing channels and received well-judged feedback.

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President Donald Trump, who also spoke during the event, praised Haspel's qualifications to take the job.

President Xi Jinping has set goals and outlined China's roadmap for the next five years, as well as setting targets for 2035 and 2050.

President Xi Jinping and Kim Jong-un, top leader of the Democratic People’s Republic of Korea, reached important consensuses after holding talks on Tuesday and Wednesday during Kim’s fourth trip to China in less than a year.

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Powell noted that a full recovery is likely to come only when people are confident that it is safe to reengage in a broad range of activities. "The path forward will depend on keeping the virus under control, and on policy actions taken at all levels of government," he said.

Powell said low inflation creates the expectation among consumers that price increases will remain low, and that has the effect of "diminishing our capacity to stabilize the economy through cutting interest rates".

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President Xi Jinping has sent a message of condolence to his Egyptian counterpart Abdel Fattah el-Sisi after Friday's terrorist attack on Coptic Christians in Egypt's southern province of Minya, which killed at least 28 people.

Preferential film coupons are being snapped up online by avid moviegoers who miss going to the cinemas at a time when exhibitors are in dire need of a reboot following novel coronavirus-related closures nationwide.