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China is determined to conduct market-oriented reforms, Li said. The Chinese government will make more pragmatic moves in deepening reforms with stronger determination and strength, transform functions of the government, and strengthen intellectual property rights protection and market regulation to build a globally-competitive business environment, he said.

China is already the world's largest electric car market. With 1 million such cars already on its roads by the end of 2016, its potential is attracting carmakers to offer more options.

China is Australia’s largest trade partner, export and investment growth to China was phenomenal over the past three years, according to the minister.

China has recently signed capacity cooperation documents with more than 30 countries, Ning said.

China is the world's largest market for outbound travel with its outbound travelers skyrocketing from 4.5 million in 2000 to 150 million in 2018, according to a 2019 World Tourism Organization report.