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Xi stressed that China is still in a period of historic opportunity, with a bright future but tough challenges ahead. As long as China maintains its strategic resolve and focuses its attention on its own things, the country is set to meet its targets, he said.

MIIT data also showed that the sectors' R&D expenditure reached 37.3 billion yuan, surging 14.7 percent year on year in the first three quarters.

The People's Bank of China, China's central bank, has cut the required reserve ratio for commercial banks four times this year, releasing a total liquidity of 2.3 trillion yuan. By the end of September, outstanding loans for micro and small firms totaled over 33 trillion yuan, up by 11.4 percent year on year.

The official told Xinhua that the promotion and protection of human rights is a dynamic historical process, and different cultural traditions, historical inheritance and basic national conditions have determined that countries must follow the path of human rights development that suits their own characteristics and set priorities in human rights development at different stages.

"President Xi visited our workshop in 2015, asking us to speed up innovation and create a brand for 'made-in-China' products, which has promoted our modern enterprise system reform and CRRC's integration with the global economy," said a CRRC executive.