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China is expected to overtake the United States as the largest fashion market in 2019, according to a report by McKinsey & Company and media outlet The Business of Fashion.

China is investing heavily in North American shale gas in order to commercially extract methanol for use as an environmentally sustainable motor fuel, a leading executive behind the multibillion-dollar project said.

China is committed to attaching great importance to tackling the climate change issues and will strive to take more active measures, said Xie Zhenhua, China's special representative on climate change affairs.

China is an important player in the global system. It is not only the largest single contributor to global growth, accounting for more than 30 percent of the world's economic growth, but also an active participant in global affairs. Facing the challenge of global climate change, China has committed to reducing its carbon intensity by 60 to 65 percent from 2005 levels by 2030, peaking its carbon emissions by 2030. The country is implementing a variety of measures to meet these goals.

China is expected to record growth pace of 6.6 percent in 2018, higher than the previous estimate, according to the IMF.