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China is taking more steps to promote the development of private enterprises in a bid to further stimulate their vitality and creativity and spur growth despite rising global uncertainties, officials and experts said on Monday.

China is ready to work with other countries to boost East Asia's security and development by safeguarding the rules-based international order and free trade, and promoting sustainable development and political dialogue, Premier Li Keqiang told the 13th East Asia Summit on Thursday in Singapore.

China is Ethiopia's largest trading partner with in 2015, the two countries trade relation reaching .37 billion, while growing at an average 22.2 percent annually for the last several years.

China in February launched a project to offer inclusive elderly care, with the central budget allocating 1.4 billion yuan (0 million) to boost the number of nursing beds for the elderly by 70,000, which stimulates both investment and consumption.

China is the world’s largest electronics market in both manufacturing and consumption, Bingham said. He said Canyon Bridge's strategy was not to relocate the British company to China, but to aid Imagination in terms of capital and broadening its channels into the Asian market.