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As the world's two largest economies, the United States and China also share a common interest in infrastructure investment. The Trump administration has pledged to upgrade US aging infrastructure, while China has proposed the initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road (the Belt and Road Initiative) to strengthen regional inter-connectivity through infrastructure development.

As the COVID-19 pandemic disrupted global industrial chains and dampened demand, Chinese authorities repeatedly stressed the important role of fee cuts in ensuring employment, meeting basic living needs and protecting market entities.

As the sun began to blaze, they marched 30 miles (48 km) to the town of Pijijiapan, where they rested on blankets and tarps in the main park.

As the world is undergoing profound changes rarely seen in a century, China and the ROK should deepen and develop their strategic cooperative partnership, and accommodate each other's core interests and major concerns, Xi said.

As seen in the yuan's rate against the dollar since April, the deviation between the yuan's closing rate and its central parity rate has been widening, with the closing rate most of the time weaker, said Chen. "The introduction of the 'countercyclical factor' will help reduce that deviation."