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China's blockchain market heated up after the endorsement from the country's top leadership as its market size, as measured by annual spending, is forecast to hit billion by 2023 and record a compound annual growth of 65.7 percent from 2018 to 2023, said market consultancy IDC.

China will push forward the orderly opening-up of its oil and gas exploration and exploitation market, and optimize its administrative examination and approval system for mineral resources, said Ling Yueming, vice minister of natural resources, at the ongoing China Mining Conference and Exhibition held in northern China's Tianjin municipality.

China's central bank injected 257.5 billion yuan (.8 billion) of funds into the market on Wednesday, in a move to bolster the private sector and small businesses.

China will significantly increase its purchase of US goods and service to meet the consumption needs of the Chinese people and propel the high-quality economic development of China, which also helps support the US economic development and employment, according to the statement.

China will set up six new pilot free trade zones, open a new section of the Shanghai Pilot Free Trade Zone, and speed up exploration of building a free trade port in southern Hanan Province, he said.