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China has placed great emphasis on tech development, with AI being a key field. The government has laid out plans aimed at building a 1 trillion yuan (2.1 billion) AI core industry by 2030, which is expected to stimulate related businesses by around 10 trillion yuan.

China has also become a key anchor and driver of the world economy and a positive force in advancing the noble cause of global peace and development.

China has demonstrated clearly its determination to open up the financial sector to global players. We of course welcome this approach, and see abundant opportunities in China as we are strong here and competitively positioned to capture market share in our key areas of focus. We have two clear points of differentiation versus our peers.

China continued to see a stable job market in the first quarter this year, with a low unemployment rate, strong demand in the job market, and improved job prospects for certain groups of people, according to the National Development and Reform Commission.

China first submitted its re-entry application in 1986 to the General Agreement on Tariffs and Trade, but negotiations dragged on past the establishment of the WTO in 1995. The process became more complex as more parties got involved and more demands were made on the Chinese economy.