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China is also undergoing a critical stage of moving from a manufacturing powerhouse to a smart-manufacturing center, which will generate more opportunities, Yang said.

China is now the world's largest market for internet business, e-commerce, AI and new energy vehicles. These industries are the future trends. Now in China, and only in China, can people live cash free and credit card free. More than half of new energy passenger cars are sold in China. Many startup companies in China are innovating in manufacturing, technology development and new business models of Internet Plus businesses. And many Chinese brands are becoming world-renowned enterprises and blaze the trail for digitalized business. All these endeavors could be a reference for other countries.

China is looking forward to working with all members of the World Trade Organization, including the United S

China is experiencing rapid growth, but different players dominate. (Canalys Image)

China has started serious re-balancing by cutting excess capacity in the steel and coal sectors, where it has the highest output in the world.