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China's securities regulator approved three new IPO applications Friday, which will raise up to 1.6 billion yuan (4.4 million) in the A-share market. [Photo/VCG]

China's trade growth has contributed to the global economic and trade recovery, as Chinese products benefit people around the world, while imports help the development of trade partners, according to a statement from the ministry.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, shakes hands with military officers as he inspects the Southern Theater Command of the People's Liberation Army, Oct. 25, 2018. (Xinhua/Li Gang)

China, Japan and Republic of Korea should accelerate negotiations on a free trade area and reach agreements on the Regional Comprehensive Economic Partnership as soon as possible to promote regional integration, Premier Li Keqiang said at the seventh China-Japan-ROK leaders’ meeting in Tokyo on Wednesday. The premier said the development of the three countries has benefited from free trade and they should firmly stand together to safeguard rule-based multilateral trading system and fight against protectionism and unilateralism. He also called to upgrade economic regional integration and make a blueprint for building an East Asia economic community.

China's successful governance model has offered reference for improving global governance. The Chinese government has a management mode with clear goals, a solid foundation and tangible results, said Ronnie Lins, a Brazilian expert on China studies.