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China is firmly against the move, which "denies the market economy principle that the United States has always advertised, and will not gain recognition or support from the international community," Foreign Ministry spokesman Geng Shuang said at Tuesday's news conference.

China is poised to grow strongly in the next two to four decades due to the Belt and Road Initiative and this will provide significant business opportunities to other economies in the world which would benefit from the country's business wisdom, participants of a student-led business forum in London said.

China is predicted to import 95.65 million tons of soybeans in the period, down 0.3 percent year-on-year, according to a report by the Chinese Agriculture Outlook Committee, an advisory body under the Ministry of Agriculture and Rural Affairs.

China has seen an ongoing increase in the numbers of motor vehicles and drivers, as a total of 7.41 million motor vehicles and 8.45 million vehicle drivers were newly registered between July and September, the ministry's traffic management bureau said.

China is committed to building a modernized economy and an open economy of higher standards. This means that China will open its door wider to the world. And this will create more opportunities for the UK.