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China invested a record 82.13 billion yuan (.76 billion) in oil and gas exploration last year, up 29 percent from the previous year.

China is one of the most dynamic markets for proptech in the world, especially given the country's leadership in 5G technology. Artificial intelligence platforms for developers have been built, and AI technology behind self-driving cars is also seen as combining advanced consumer and industrial technologies.

China is still a developing country. Despite our large economy, the per capita GDP is ranked below 70th place in the world. China’s development remains unbalanced and inadequate with significant disparities between different regions and between urban and rural areas. In many places, transportation, energy, utilities and other types of infrastructure remain underdeveloped. In rural areas, over 30 million people still live in poverty with an average annual income of less than 3,000 RMB yuan. But every coin has two sides. The upside of the disparities is that they also represent big space for development. With a huge market of more than 1.3 billion people, China has vast potential, great resilience and broad space for maneuver in coping with changes in the global environment. Its economy is fully capable of sustaining sound growth.

China is stepping up its efforts to strengthen the process of recalling new energy vehicles, according to State Administration for Market Regulation.

China is taking "concrete" measures to fully align with G20 debt relief plans and help the debt-burdened countries, she said.