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China is the world's fastest-growing consumer market, said Guan Lixin, an official with the Ministry of Commerce.

China is expected to import goods worth trillion from 2017 to 2021, while attracting 0 billion of foreign investment. "China is upgrading its industry and consumption structure," said Sang Baichuan, a professor at the Beijing-based University of International Business and Economics. "The huge market and emerging opportunities will attract more foreign capital, and that in turn, will further stimulate the country's industrial upgrading."

China is stepping up its opening up in the financial sector, and has greenlighted full foreign ownership of securities firms, futures businesses and life insurance companies by 2020 - a year earlier than scheduled, he said.

China has signed 171 cooperation agreements with 123 countries and 29 international organizations since the initiative was put forward in 2013.

China is a very important country. All the different issues confronting the world - from climate change to fighting diseases, fighting terrorism, to ensuring peace and stability - require the active role of China.