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China is still a developing country. Despite our large economy, the per capita GDP is ranked below 70th place in the world. China’s development remains unbalanced and inadequate with significant disparities between different regions and between urban and rural areas. In many places, transportation, energy, utilities and other types of infrastructure remain underdeveloped. In rural areas, over 30 million people still live in poverty with an average annual income of less than 3,000 RMB yuan. But every coin has two sides. The upside of the disparities is that they also represent big space for development. With a huge market of more than 1.3 billion people, China has vast potential, great resilience and broad space for maneuver in coping with changes in the global environment. Its economy is fully capable of sustaining sound growth.
China is ready to work with Vietnam to effectively tackle and manage their differences and explore joint development, State Councilor and Foreign Minister Wang Yi said on Monday.
China is likely to witness quick momentum in the consumer genomics market as more and more people are paying to explore what make them different through DNA tests, according to industry insiders.
China is already Ethiopia's biggest trading partner, with Ethiopia exporting 4.5 million of goods to China in the first six months of the current Ethiopian Fiscal Year 2017/18.
China is expected to have 576 million 5G users by 2025, or over 40 percent of global consumption, according to a report released by global consultancy EY earlier this month.