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The BRI should be understood in the context of restructuring of the Chinese economy. This means relocating industries to other countries. It is therefore based on investments in infrastructure for connectivity and, at the same time, delocalization of production. In this sense, the BRI is compatible with the globalization of value chains in which Peru aspires to participate.

The British side said the cooperation between the two countries is extensive and has huge potential. They spoke highly of China's recent pledge to further open to the outside world and are willing to promote the exchanges and communication between the two sides in different levels.

The CED is one of the four major dialogue mechanisms established by the two countries in April during the Mar-a-Lago meeting between Chinese President Xi Jinping and his US counterpart, Donald Trump.

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The Balikatan 2020 war games, scheduled for May 4-15, would have involved more than 10,000 troops from the two allies and a smaller contingent from Australia, according to the hosts.

The CASS research report said further attention is necessary to tame deflation risks, especially those from the industrial sector, because further weakening of the PPI may lead to a fall in the return on capital of companies, reduce asset values and increase debt pressure. Hence, banks may become more cautious in lending money to companies, and increase interest rates.

The Belt and Road series covers more than 100 disciplines including archaeology, arts, religion and law of the countries involved in the initiative in more than 10 languages such as English, Spanish, Russian, Turkish and Bengali.

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The COVID-19 pandemic has triggered surging demand for air cargo transport in global markets. It is primarily driven by the immediate need for emergency medical supplies and other vital supplies.

The Brazilian military operations came after widespread criticism of President Jair Bolsonaro's handling of the crisis. On Friday, the president authorized the armed forces to get involved in putting out the fires, saying he is committed to protecting the Amazon region.

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The BRI is undoubtedly functioning as the central nerve network for the world by bringing together countries and regions.

The Belt and Road Initiative is a global public good and follows international rules, Foreign Minister Wang Yi said on the press conference for the First Session of the 13th National People's Congress on Thursday.