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China is the world's second largest economy, largest industrial producer, largest trader in goods, and largest holder of foreign exchange reserves. Moreover, with its large population of 1.4 billion and a rapidly growing middle class, China is the world's largest and most promising market.

China has put forward a target of doubling its GDP and per capita income in the decade leading up to 2020. Chances are good it will meet that target based on the current rate of growth. Economists estimate an annual GDP growth of 6.3 percent is needed in the coming three years to meet the goal. GDP growth is widely expected to come close to 7 percent this year.

China is clearly on its way to leading the world on many fronts, including economically and technologically. It is already shaping the future of the world in many ways, and will continue to do so.

China has repeatedly said that Section 301 investigation is a unilateral move that violates World Trade Organization (WTO) rules.

China has ramped up its crackdown on illegal financial transactions in recent years and has pushed forward rules to better monitor and manage risks, including crimes that severely damage market order or people's interests and economic security.