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China, for the first time, leapfrogged into the top 50 of 190 economies regarding the convenience and transparency of doing business, according to a World Bank report, Doing Business 2019: Training for Reform, released on Wednesday.

China's urbanization is at a turning point from rapid expansion to city upgrade, and major city clusters like the Yangtze River Delta region, the Beijing-Tianjin-Hebei region and the Guangdong-Hong Kong-Macao Greater Bay Area will become the engines for future civil development, said a new report.

China's trade in services grew from 4.2 billion in 2015 to 5 billion in 2019, with annual average growth hitting 4.7 percent, ranking second in the world. In addition, the proportion of trade in service to foreign trade rose from 11 percent in 2012 to 14.7 percent in 2018.

China's strong determination to persist with reform and opening-up will usher in more prosperity for its 1.3 billion population and also benefit the rest of the world, scholars said at a forum over the weekend.

China-EU bilateral trade totaled 7.99 billion in the first half of this year, growing 4.9 percent year-on-year. In the mean time, Germany, the United Kingdom, the Netherlands, France and Italy remained China's top five trading partners within the bloc, data from the General Administration of Customs show.