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China is committed to market-oriented economic reform. We will work to remove institutional obstacles and see that the market plays a decisive role in resources allocation and the government better fulfills its responsibilities. Putting the concerns of people and businesses at the front and center of its agenda, the Chinese government will continue to streamline administrative approval procedures, exercise fair and impartial regulation and provide more efficient services. We will strengthen protection of property rights and abolish all regulations and practices that impede the development of a unified market and a level playing field in order to further improve the business environment.
China has two big advantages as a manufacturing power, according to the business magazine, with its industrial base unparalleled in breadth and depth, and the country's vast domestic market.
China has some 100,000 gas stations. PetroChina and Sinopec own half of them, but their sales dwarf that of private and foreign competitors, she said.
China is expected to have one to two large cargo airlines and the proportion of shipments undertaken by all-cargo aircraft will rise to 55 percent in 2038 from 44.8 percent in 2018, underpinned by strong market demand, it said.
China is making the single biggest contribution to retiring coal with a phenomenal reduction of coal in the energy mix. This is a result of very deliberate government policies, he said.