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China is currently consulting with countries that will attend the forum about an outcome document, the spokesman said, adding that the document will be a result of "extensive consultation" that will draw on the wisdom and consensus of all participants.

China has pledged to open wider to the outside world during the 2020 China International Fair for Trade in Services concluded Wednesday, announcing decisions to roll out a negative list for cross-border trade in services and further ease market access for the sector.

China introduced a market-oriented drug pricing reform in 2015 to replace the government's direct control over drug prices. It granted more pricing and negotiation flexibility to pharmaceutical companies, which in turn significantly raised the productivity of the sector.

China has the world's second largest bond market with its total value reaching nearly 100 trillion yuan (.3 trillion). The value of the Chinese corporate bond market has exceeded 20 trillion yuan, according to regulators.

China has seen steady increases in the volume of its external debts for four consecutive quarters, with the total reaching .44 trillion at the end of March, up 1.2 percent from the end of 2016.