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China is currently BASF's third-largest market in the world, after Germany and the United States, he said.

China is expected to have about 150 million 5G mobile subscribers by the end of this year, as the nation scrambles to accelerate construction of new infrastructure, including 5G base stations, said Liu Duo, another NPC deputy and head of the China Academy of Information and Communications Technology, on May 25.

China has stuck to the WTO dispute settlement mechanism since it joined the World Trade Organization in 2001, which contributed to the rule of law in global trade, said experts attending a recent symposium held by Wuhan University.

China is ready to work with the United States to "tangibly press ahead" with the bilateral investment treaty negotiations and to resolve divergence and frictions through dialogue and consultations, Premier Li Keqiang told visiting US lawmakers on Monday.

China has topped the world's market for five consecutive years, surpassing the combined amount handled in developed economies including the United States, Japan, and Europe.