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"China has obviously managed the pandemic better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

"By cooperating with local financial organizations, Hong Kong and Macao young people will have better access to financial support for their businesses in Guangzhou," said Lin Huibin, director of the Guangzhou Tianhe Hong Kong and Macao Youth Association.

"By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3 percent in 2001 to 9.8 percent," Vice Minister of Commerce Wang Shouwen said at a briefing on the white paper Thursday.

"But there is still much to be done," Li added, citing it is important for Chinese companies to conduct efficient communication with the local communities, especially clarifying the purpose of investment and clearing other doubts.

"China expects the United States to take concrete action as soon as possible on a case involving Chinese telecom equipment maker ZTE, and to resolve it in a fair and reasonable manner," he said.