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China's economy volume ranks second worldwide now, compared with the 8th slot in 1970.
China's opening-up was brought up in a massive meeting of entrepreneurial minds in Silicon Valley this week.
China's labor is becoming expensive too, and more skilled. So, China needs to move away from setting up industries that basically service imports from East Asia. Instead, China should set up industries that are indigenous and can use innovation to produce new products. The country is already doing this quite well. China has beaten the US in 5G, and leads in artificial intelligence.
China's construction machinery segment, after a nearly five-year recession, started a recovery in its business cycle last September.
China's international payments under the current account have been basically balanced in recent years, with the current account surplus accounting for 1.3 percent of China's GDP in 2017, according to Wang.
来源：资阳报