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China will open its vast domestic market wider to global investors for win-win cooperation under its new development pattern, a top official said on Wednesday.

China will further step up the elimination of aged agricultural machines that consume high levels of energy, generate heavy pollution and have poor safety record to promote green development and agricultural mechanization, according to a government document.

China's A-share market was the highest performing stock market in the world in 2019, rising 31 percent compared to 22.3 percent for the US' S&P 500 index, 8.5 percent for the UK's FTSE 100 and 11.5 percent for Japan's Topix index－though, of course, past performance does not promise future performance in any of these markets. And, the A-share market suffered large losses in 2018. The huge 2019 rise in the A-share market is especially impressive in the face of trade frictions with the US.

China will support financial institutions to set up green finance departments and welcome foreign capital to participate in green investments.

China's announcement came after the US Trade Representative's office released a finalized list of 16 billion dollars' worth of Chinese goods. The tariff hike will take effect on Aug 23, bringing the total worth of Chinese goods facing a 25 percent tariff to 50 billion dollars.