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China is undergoing a very critical transformation, that is, from "seizing opportunities" to "creating opportunities," said Zheng Yongnian, director of the East Asian Institute of the National University of Singapore.
China is also one of Idaho's largest trading partners. In 2017, Idaho's exports to China totaled 3 million, according to Idaho's department of commerce.
China is surpassing leading powers, including the US, in artificial intelligence and problems that Facebook faces with regard to data privacy will not happen in China, said a world-renowned AI expert Kai-Fu Lee.
China is by far the world's largest mobile games market with nearly 600 million gamers, which is more than double the total population of the United States, said the Research and Markets firm, which claims to have the world's largest market research store.
China is fully confident in fending off systemic debt risks and expects no apparent changes in government debt ratio in the coming years, Finance Minister Xiao Jie said on Wednesday.The country's debt-to-GDP ratio has decreased to 36.2 percent in 2017, down from 36.7 percent in 2016, far below the so-called alert line of 60 percent internationally, said Xiao at a press conference.He added that the government's outstanding debt has reached 29.95 trillion yuan (.7 trillion) by the end of 2017."China has formed a closed-loop system on managing local government debt including setting reasonably debt quotas, bolstering budget and risk management as well as controlling emergencies," he added."China will deal with illegal debt firmly as issuing bond is the only legal way for local government to raise fund," Xiao said.