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"Considering that the two accidents took place after new Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degree of similarity," the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.

"China's economic recovery has become more broad-based" and domestic demand saw "a strong catch-up in October, reaching a level similar to industrial value added and exports," said the think tank in its monthly Recovery Tracker.

"China will further open up its market, we open our arms to embrace foreign businesses that will invest in China," Li said while visiting a wholly owned subsidiary of Germany's Bosch Group in Changsha, capital of Hunan province.

"China supports the G20, the International Monetary Fund and other international multilateral platforms and institutions to continue to play an active role in policy coordination and crisis relief, effectively prevent and control the impact of international epidemics, and maintain the stability of the global economy and financial markets."

"China's current public debt level, by our definition, which is a broad definition, is still moderate in an international context," said Alfred Schipke, the IMF's senior resident representative for China.