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China will open the market even wider, according to the newly released government white paper, "China's Position on the China-US Economic and Trade Consultations". Measures to be taken include expanding market access for foreign investment in broader areas, and strengthening international cooperation on intellectual property protection, the paper said.

China will stay on track to wipe out domestic poverty in 2020, even after economic repercussions triggered by the novel coronavirus pneumonia outbreak fueled concerns that the deadline could be missed, a senior official in charge of poverty alleviation said on Thursday.

China's GDP expanded 6.9 percent year on year in the first three quarters, holding steady with the 6.9 percent growth in the first half despite a slightly slower 6.8 percent increase in the third quarter.

China will reinforce regulations on public-private partnership projects as part of its efforts to prevent illegal borrowing by local governments, according to a senior official with the nation's top economic regulator.

China's announcement came shortly after the US administration released a proposed list of Chinese export products worth billion that would be subject to a suggested additional 25 percent tariffs.