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As the global economy is currently undergoing a rocky period of transition, China and Latin America are both tackling structural reforms to spur development, with shared goals and interests that go beyond mere trade.

As the first Chinese head of state to have attended the Davos meetings, Xi called at the World Economic Forum in Davos last year for joint efforts to chart the course of economic globalization and forge new models of global growth, cooperation, governance and development.

As the former vice-president of the China Micro-Credit Companies Association, Bai noted that many banks are less capable than microcredit companies in terms of customer acquisition and risk identification when they are dealing with farmers, small enterprises and individually owned businesses. In her view, the government should encourage large and medium-sized commercial banks to collaborate with microcredit companies in promoting financial inclusion.

As the goal of building a moderately prosperous society in all respects is nearing realization, and the people's demand for democracy, the rule of law, fairness and justice is growing, the political and legal organs should focus on people's new demands for law enforcement and justice and take the initiative to accept their supervision and judgment, Guo said.

As the first major transportation project involving Xiongan, the 33.53-billion-yuan (.3 billion) rail transit stretches 92.4 km and has five stops via Daxing District of Beijing and Bazhou City in Hebei province.