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China will continue to loosen market entry access and improve the business environment for foreign investors. It will also help build technology promotion centers and send training experts to less-developed nations.

China reserved more than trillion in foreign exchange assets last year, the world's largest reserves, despite currency depreciation affected by global market volatility and trade tensions.

China should grasp the opportunity to promote innovation-driven development in an effort to chase or stand at the world's technological forefront, Li made the remarks Thursday while chairing a symposium on the new round of world technological and industrial revolution.

China plans to import goods worth over trillion in five years and this would bring huge opportunities to Arab states, Xi said.

China lifted its ban on US beef imports imposed about 14 years ago upon concern over mad cow disease. Nebraska is the top US beef-exporting state and was the fifth-largest pork-exporter in 2017.