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China's pivot to Asia is intensifying. Value chains are becoming more regional and less global. For example, China is now the largest trading partner for Malaysia, Singapore and the Philippines. Meanwhile, the country's continued resource demand has increased its importance not only to in-region suppliers such as Australia, where 21 percent of mining and quarrying output is now exported to China, but also to more distant countries such as South Africa and Chile.

China-US tariff measures have added drag to world economic prosperity, according to the Organization for Economic Cooperation and Development. The organization projects that the global economy will grow by 3.7 percent in both 2018 and 2019.

Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Vietnam's central city of Da Nang on November 10, 2017. [Photo/Xinhua]

Chinese Foreign Ministry spokesman Zhao Lijian said on Friday that the decision on the national security legislation for Hong Kong is China's internal affairs and that China would take necessary countermeasures if external forces interfered in Hong Kong affairs.

China's untiring efforts to propel economic development and social progress over the past decades show it is committed to offering more effective guarantees to its people to enjoy their rights and protect their interests. The ever-increasing sense of happiness of the Chinese people since the founding of New China in 1949, especially since the launch of reform and opening-up 40 years ago, is proof that the Chinese people today enjoy comprehensive human rights.