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China is moving toward an economy boosted by consumer spending, innovation and services, reducing reliance on investment and exports of low value-added goods, all helped by stronger efforts in innovation and research.

China has remained the world's largest NEV market for three consecutive years, with some 777,000 cars sold in 2017.

China is also one of Idaho's largest trading partners. In 2017, Idaho's exports to China totaled 3 million, according to Idaho's department of commerce.

China is ASEAN's main economic partner, especially at a time when developed countries are suffering from a notable downturn, and the nation remains a strong market for ASEAN countries, said Li Yong, vice-chairman of the expert committee of the Beijing-based China Association of International Trade.

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.