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China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.
China's foreign direct investment into high-tech industry surged 20.2 percent year-on-year in the first four months this year, official data showed on Thursday.
China's further opening-up is embodied by the lowered threshold for market access, which should be boosted with trade facilitation, Bai said. Reducing import tariffs is a vital means to improve trade liberalization and can help China buy high-quality products in the global context while promoting the industrial upgrade of its own economy, he said.
China's early recovery from the COVID-19 pandemic, the rebounding consumption levels and efficient production resumption have helped global companies in China to remain viable and profitable compared with other parts of the world, said Julien Hueber, executive vice-president of Industry Solution and Project Business Group at Nexans, a French cable manufacturer.
China's first draft civil code, which is under review at the annual session of the top legislature, is essential to comprehensive advancement of the rule of law and will offer stronger protection of people's fundamental interests, national lawmakers said.
来源：资阳报