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China has said it will not "fire the first shot" in a trade battle with the US. "However, if the US goes ahead with the tariff hike, China will be forced to fight back to defend the core interests of the nation and the interests of the people," Gao said.
China is further opening up its financial sectors to foreign investors by loosening regulatory requirements and lifting business restrictions on foreign banks and insurance companies.
China is Bangladesh's largest trading partner. Bangladesh has become China's second-largest trading partner in South Asia, with bilateral trade between the two countries having nearly quadrupled in the past 10 years to exceed billion in the last fiscal year, the FBCCI said.
China is the world's biggest online shopping market with more than half of its population making at least one smartphone purchase per month, according to professional services firm PwC. This compares to 14 percent in the rest of the world.
China is ready to take robust and multipronged measures, such as scaling up support for flexible employment and boosting job opportunities for people with disabilities, to ensure that employment remains stable.
