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China hopes its list of cooperation with the United States could be longer, while that of differences will get increasingly shorter, a top Chinese diplomat said in Washington on Wednesday.
China is predicted to spend 2.8 trillion yuan (1 billion) in the digital transformation this year, and the figure is expected to surge to 3.2 trillion yuan in 2020 and 3.7 trillion yuan in 2021. Manufacturing (220.5 billion yuan), governments (193.4 billion yuan) and financial services (145.5 billion yuan) are the top three sectors in spending for the digital transformation in 2019, according to Deloitte.
China is planning to drive upgrades in power battery technology by categorizing subsidy-eligible new energy models according to more specific details, including driving range, battery density and energy consumption.
China is calling on all parties to firmly support the multilateral trading system, resolutely oppose unilateralism and protectionism, help with necessary WTO reform and safeguard the core values of the international organization, Zhong said.
China is expected to play a positive role in the upcoming RCEP talks, which will be the first leaders' meeting since its launch in 2012. RCEP is a free trade pact involving the 10 ASEAN members and six other countries -- China, India, Japan, South Korea, Australia and New Zealand.