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better deal with the relationship between ‘capital’ and ‘city’, which is to strengthen the four funct
ions of Beijing — the national center of politics, culture, international communications and scient
ific innovation,” said Cai Qi, Party secretary of Beijing, last month during the two sessions.
According to the municipal authority, the new economy — industries with intensive innovation a
nd knowledge — now makes up 33 percent of the city’s economy, and this ratio is expected to keep growing.
President Xi Jinping’s three-nation visit to Europe last month prod
uced tangible fruits and showed that despite any differences that may exist between China and
the European Union, they have the common desire to strengthen cooperation.
Thanks to mutual efforts from both sides, China-EU interaction has been displaying good momentum. Over the years, their economic
interests have become increasingly intertwined, and people-to-people exchanges have flourished, formin
g a solid foundation on which bilateral ties have been able to grow and prosper in an all-around way.