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China has vowed to "definitely take countermeasures" if the tariff hikes take effect.

China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, up from 7.6 ZB in 2018, while the number for the United States is estimated to be 30.6 ZB in 2025 (6.9 ZB in 2018), according to a recent study by the International Data Corp and data storage firm Seagate.

China is the world's biggest producer of meat but it relies on imports to meet nearly 80 percent of its demand for protein-intensive feed, mostly soybeans, according to the China Feed Industry Association.

China has taken big steps to open its markets to foreign competition and investment. The Foreign Investment Law puts foreign firms on an equal footing with Chinese firms in almost all industries.

China is committed to market-oriented economic reform. We will work to remove institutional obstacles and see that the market plays a decisive role in resources allocation and the government better fulfills its responsibilities. Putting the concerns of people and businesses at the front and center of its agenda, the Chinese government will continue to streamline administrative approval procedures, exercise fair and impartial regulation and provide more efficient services. We will strengthen protection of property rights and abolish all regulations and practices that impede the development of a unified market and a level playing field in order to further improve the business environment.