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China expects both sides to meet each other half way and earnestly implement the economic and trade consensus reached by leaders of the two countries, promote healthy and stable development of bilateral economic and trade cooperation, and make efforts to achieve common prosperity between the two countries and in the region, Gao said.

China has adopted a more vigorous fiscal policy and accelerated local government bond issuance. Next year, the country will speed up implementation of major projects according to the 13th Five-Year Plan (2016-20), use the funds raised through local government debt and public-private partnerships for these projects as soon as possible, and attract private investment in the projects.

China had 169 million minor netizens in 2018 and the internet penetration rate was 93.7 percent, according to a report published on Tuesday.

China exported 53,000 cars to the US in 2017, while the US exported more than 267,000 new passenger vehicles and light trucks to China in 2017.

China has now been in the top 10 fastest reforming Doing Business countries around the world for two years in a row, mainly due to several business reforms. It has moved up in the ranking by almost 50 places in the process. Its rank this year climbed to 31st place in terms of ease of doing business, up from 46th a year earlier and 78th in 2017, the study showed.