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China has promised to further boost its imports. The Ministry of Commerce forecast last November that China would import more than trillion of goods and services in the next five years.

China is set to boost the development of its civil aviation industry to create a market that is expected to be worth more than a trillion yuan (8.4 billion) by 2020.

China has strongly opposed the passage of those acts, saying they are packed with inaccurate information and lies and interfere in China's internal affairs.

China is stepping up financial support for small businesses by encouraging small and medium-sized banks to offer loans to these enterprises at lower rates, with the help of the central bank's re-lending and rediscount program.

China is also considered a leader in the on-demand economy, with people in China recording high usage figures for food-ordering apps, shared bicycles, car-hailing apps and online supermarkets, Bao said.