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China has made much headway in its supply-side structural reform, he added. Economic restructuring has been boosted by the increasing role of sectors like services, online sales, the sharing economy and advanced manufacturing, which are new driving forces for growth, Ning said.
China formally launched its national carbon market, the biggest carbon-trading market worldwide, in December, setting up a carbon price on the country's largest greenhouse-gas emitters as a policy tool that will encourage enterprises to lower carbon emissions.
China has been making efforts to build a social credit system to improve its business environment and boost development in recent years.
China at this time has about 1,000 companies whose annual revenue has surpassed 10 billion yuan, data from the China Enterprise Confederation showed. As the Chinese economy is transforming from rapid growth to high-quality development, more "10 billion yuan" level enterprises are needed to lead in industrial progress, Yao added.
China has not only benefited from economic globalization but also contributed to the process, Xi said, adding that China's economy has contributed to more than 30 percent of global growth.
来源：资阳报