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China has become more sophisticated in handling trade disputes with timely and effective countermeasures, he said. Since March, the ministry has said several times that China will not abandon its rights and interests, and will take all necessary measures to firmly defend them.

China has changed more in the past three years than it has in the last 30. In fact, its transformation will definitely accelerate in the next five years with 500 million new consumers through urbanization and an expanding middle class.

China has a leading role in a number of areas in the world today. As an economy that is becoming more globalized, China is slated to play an even more crucial role in tackling many of the challenges confronting the global community today such as climate change and the eradication of extreme poverty.

China has accelerated the local government bond issuance this year to help the timely implementation of various projects to mitigate the impacts of the novel coronavirus epidemic.

China banned imports of these products on June 25 after some Canadian meat tested positive for ractopamine, a feed additive, and was shipped with forged inspection certificates.