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Despite being hard hit by COVID-19, Asia's economies have recovered well compared to the rest of the world. However there remain challenges in maintaining sustainable development, according to two reports released by the Boao Forum for Asia (BFA) on Sunday.

Beijing and Washington should "avoid creating confrontation" as they roll out efforts at a working level to translate into reality the consensus reached at the recent high-level strategic dialogue in Anchorage, Alaska, a senior diplomat said.

China's top economic planner approved 16 fixed-asset investment (FAI) projects in the first quarter, with combined investment totaling 45.4 billion yuan (about 6.96 billion U.S. dollars), official data showed Monday.

China will overtake the United States to become the world's largest market for smart home devices by the end of 2024, according to an industrial report.

China and the United States have issued a joint statement on coping with climate change after talks in Shanghai.