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A growing Chinese middle class and affordability of locally manufactured cars has helped domestic sales.
Since economic conditions have changed in the past decades, some of the existing standards are out of date.
On Saturday, the IMF also warned of heightened political and policy uncertainties.
Russia and Japan are expected to sign agreements on the implementation of about 20 joint projects.
Finance Minister Meirelles expects the economy will show "meaningful growth rate" by the end of 2017.
In recent months, Qatar's sovereign wealth fund has invested in Russian oil giant Rosneft PJSC.
Egypt is an important partner in promoting the Belt and Road Initiative, a senior Chinese official said in Cairo.
The two countries are pursuing the establishment of a joint SA-Qatar Investment Fund in cooperation with Qatar’s sovereign wealth fund.
But to sustain growth, market structure should be reformed; education and training enhanced to competitive levels.
Authorities should focus on the most vulnerable in the jobs market - fresh university graduates, the Council said.