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Wang Lu, an Asia-Pacific oil and gas analyst at Bloomberg Intelligence, said Sinopec's Fuling project would play a leading role in China achieving its goal of producing 80 to 100 billion cu m in 2030, and its shale gas production may contribute about 4 to 5 percent of China's total gas consumption by 2020.

Wang Tao, chief China economist at Swiss bank UBS, said that in addition to "dual circulation" the 14th Five-Year Plan is expected to push structural reforms and continue to stress environmental protection and the prevention of risks in the financial and real estate sectors.

Wang called on the two sides to seize opportunities, cement traditional friendship and maintain high-level exchanges.

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Wang said nearly 30 percent of the swimsuits produced in Huludao are bound for overseas markets, mainly to Russia, the United States and European countries. At least three brands by local businesses have been registered in Italy, France, Russia and South Korea.

Wang added, as a platform-based internet company, Didi will probably not take the offline asset-heavy approach as the key direction.

Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the 13th National Committee of the Chinese People's Political Consultative Conference, presided over the seminar.

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Wang said the holding of the special meeting via videoconference on COVID-19 demonstrated the firm determination of the three countries to join hands to overcome difficulties in the face of major challenges and their positive willingness to work together to fight the epidemic and maintain normal exchanges and cooperation.

Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), presides over the closing meeting of the ninth meeting of the Standing Committee of the 13th CPPCC National Committee in Beijing, capital of China, Nov 7, 2019. [Photo/Xinhua]

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Wang Zhigang, director of the Macroeconomy Research Center, Chinese Academy of Fiscal Sciences, said that the proactive fiscal policy will maintain strong momentum and act as a countercyclical force to stabilize economic growth.

Wang said he hoped key achievements made in China-ASEAN relations, including the South China Sea issue, in the past year, can be demonstrated objectively in the foreign ministers' meetings held here.