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China has been trying to shift its economy toward a growth model that draws strength from consumption, services, and innovation.
China has advanced high-speed rail technologies to build safe and cost-effective railways, said Li, adding that he hopes Singapore can support Chinese enterprises' participation in the rail project.
China has become the second-largest economy in the world after the United States. It overtook Japan in 2006. In 1949, China's GDP was less than 2 percent of the US GDP; in 2018, it was 64 percent.
China has been working on improving the market-based RMB exchange rate regime since 2005 and the Chinese yuan has significantly appreciated, according to a research report on Sino-US economic and trade relations released by the MOC.
China appreciates Russia's efforts to ease tensions on the Iranian nuclear issue and to strengthen regional security, Zhao said.
来源：资阳报