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Chinese President Xi Jinping unveiled new measures for expanding China's reform and opening-up at the Boao Forum for Asia annual conference, which will surely provide great opportunities for development of pragmatic economic and trade cooperation between China and Japan, he added.

Chinese President Xi Jinping and his Italian counterpart Sergio Mattarella hold talks in Rome, Italy, March 22, 2019. [Photo/Xinhua]

China's year-on-year GDP growth fell to 6.9 percent in 2015, dropping below 7 percent for the first time since 1991, and it dipped further to 6.7 percent last year. The country is rebalancing its economy from external, export-driven and manufacturing production-based, to more internal, consumption-based, and it is shifting its focus from the manufacturing to nonmanufacturing sectors, which has contributed to the moderation in recent years, Sawada said.

China-Europe freight trains, designed to boost land connectivity between China and the continent, have bucked the transport trend amid the COVID-19 epidemic thanks to their cost-effectiveness and reliability.

China’s share of the world’s GDP has also increased from 2 percent in 1977 to 15 percent in 2017.