Xi called for expanding cooperation with Uzbekistan to achieve new progress in carrying out the Belt and Road Initiative.

Expanding cooperation in production capacity is an important vehicle for promoting the Belt and Road Initiative.

Representatives from the European Union, France, Germany, Britain, Japan, the Republic of Korea and the United States will attend the Forum.

China and the US are expected to head toward a stable and cooperative relationship with a new joint announcement of deals.

China will take steps to balance deleveraging the economy and ensuring market liquidity remains basically stable, the central bank said Friday.

China will phase out about 50 million tons of crude steel capacity and over 150 million tons of coal capacity this year.