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With an annual growth rate of 6 percent to 7 percent, China's economy each year can add the volume equivalent to a medium-sized economy, Li said.

This year marks the 45th anniversary of the restoration of China's seat in the United Nations.

"China and Malaysia are friendly neighbours, and we have good relations and frequent exchanges between our two countries and the two militaries," he said.

-- China will promote development through expanding opening-up. China's experience in past decades proves that a close-door policy only leads to stagnation and backwardness, and it is opening-up that brings development and prosperity. With a firm commitment to the win-win strategy of opening-up, China will open its door even wider to the outside world. We will further improve the open economy, increase access to the service and manufacturing sectors, develop high-standard pilot free trade zones, accelerate the signing of FTAs and investment treaties with countries concerned, conduct negative list management for foreign-invested companies, and foster a more equitable, transparent and predictable business environment. We will adopt new approaches to investment overseas, and work with parties concerned to advance the Silk Road Economic Belt and the 21st Century Maritime Silk Road as well as global production capacity cooperation. These are ways to achieve even greater mutual benefits and win-win development with more countries.

A third party evaluation also shows the simplified measures have brought vigor for foreign investment. Online registration takes only three working days, while the previous approval procedures usually takes no less than 20 working days.