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"Contacts in the steel and aluminum industries expected higher prices as a result of the tariffs on these products but had not planned any new investments to increase capacity," the minutes said.

"China should pay more attention to make its ODI moves better suited to its 'dual circulation' development pattern by meeting domestic market needs via investment activities in overseas markets," said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

"China's financing support to Africa is mainly invested in infrastructure construction and the field of production, which has greatly improved the environment for Africa's economic development, added to its appeal to foreign investment and enhanced its capability to achieve self-driven development," she said.

"China's airports are fantastic in terms of technology and passenger flow," said Elizabeth Axtelius, director of aviation business at Swedavia Airports.

"Contacts in the steel and aluminum industries expected higher prices as a result of the tariffs on these products but had not planned any new investments to increase capacity," the minutes said.