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In the interview, Zulu also highlighted the significance of the SMEs in tackling major social issues in South Africa.

In the landslide last year, more than one million tons of rocks and dirt fell down, covering almost half a kilometer of Highway 1 in the Big Sur region, 440 km north of Los Angeles. The region's road transportation and tourism industry have been severely disrupted by the closure of the road.

In the meantime, banks will likely increase traditional loans to meet corporate refinancing needs.

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In the initial years of the Heisei period, Japan's economic status was that of the world's second-largest economy and Asia's only economic power. But this started to fade with the collapse of the "bubble economy" in the early 1990s, and the country's self-confidence ebbed in the ensuing "lost decades"－around 20 years of economic stagnation.

In the meeting, CNTA vice chairman Li Shihong said the tourism industry has become one of the backbone industries in China's economy. Macao should grasp the opportunity with the Chinese mainland and deepen the tourism cooperation to explore the global market.

In the last several years, China has especially focused on opening up its financial sector and on ensuring that foreign firms are treated equally within the Chinese market.

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In the letter, Xi said the world today is faced with profound shifts unseen in the past century. "As the largest developing country and the continent where developing countries are the most densely located, respectively, China and Africa have enjoyed a time-honored friendship between the people," he noted.

In the overall domestic mobile phone market, 16 new models were released in February, which fell 61 percent year-on-year, with four new models of 4G phones and 11 new models of 5G phones.

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In the lead-up to the meeting, the Political Bureau of the CPC said the country will seek solid progress in curbing major risks, eradicating poverty and controlling pollution, the "three tough battles" for 2018.

In the quarter ending March, the value of imported goods rose 4.4 percent from the previous quarter to NZ.6 billion (.35 billion), while the value of exported goods was up 2.4 percent to NZ.2 billion (.39 billion).