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China had been working hard to play its role both as a mediator and a party to U.N. sanctions, but it did not have the leverage to force either the U.S. or the DPRK to assume their respective responsibilities. Without holding the key to the DPRK's security concerns, China has no leverage to convince this foreign nation to stop its nuclear program. The U.S., which the DPRK sees as the source of threats to its security, has been neither interested nor willing to consider responding to the DPRK's security concerns.

China has established 18 free trade zones across the country to experiment with new regulations and explore ways to improve the business environment that would later be replicated nationwide.

China has been strengthening its fight against telecom and Internet fraud, with 32 provincial anti-fraud centers and 206 city-level anti-fraud centers established as of May.

China has invested more than billion in economies covered by the Belt and Road Initiative, data from the National Development and Reform Commission show.

China has made progress in rebalancing away from external-led growth and more service-denominated economy, while the core challenge remains an excessive reliance on debt, Zhang Longmei, International Monetary Fund's deputy resident representative in China, said at a forum hosted by International Monetary Institute of Renmin University of China.