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China is still a developing country. Despite our large economy, the per capita GDP is ranked below 70th place in the world. China’s development remains unbalanced and inadequate with significant disparities between different regions and between urban and rural areas. In many places, transportation, energy, utilities and other types of infrastructure remain underdeveloped. In rural areas, over 30 million people still live in poverty with an average annual income of less than 3,000 RMB yuan. But every coin has two sides. The upside of the disparities is that they also represent big space for development. With a huge market of more than 1.3 billion people, China has vast potential, great resilience and broad space for maneuver in coping with changes in the global environment. Its economy is fully capable of sustaining sound growth.

China is currently the largest trade partner of the US, while the US is China's second largest. Bilateral trade surged to 9.6 billion in 2016 from .5 billion in 1979 when the two countries established diplomatic ties.

China is becoming an increasingly important overseas market for the United Kingdom's serviced apartment sector, with some of the operators seeing bookings from Chinese guests surging as much as 50 percent during the last 12 months, according to a trade body.

China is the world's third-largest bioethanol producer and uses nearly 2.6 million metric tons a year. Gasoline blended with ethanol accounts for one-fifth of its annual gasoline consumption. China launched corn-to-ethanol pilot programs in 2004, as part of efforts to cut emissions and advance new energy.

China hopes to address bilateral trade issues with the United States in a constructive manner and by making a bigger cake of cooperation, Chinese Foreign Ministry spokesman Lu Kang said Thursday.