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China has been the world's second-largest importer of goods for nine consecutive years and made up 10.2 percent of global imports last year. Chinese authorities expect the country to import goods worth trillion in the next 15 years.

China has great expectations for the Hamburg summit and supports Germany in hosting a successful meeting, he added.

China attaches great importance to trade balance with India and has lowered tariffs on certain Indian goods exported to China, increased imports of sugar, non-Basmati rice and other agricultural produce from India, facilitated the export of Indian medicines to China, and further improved the trade structure, the ambassador said.

China has long called for negotiations to resolve bilateral trade and investment issues. So if the Trump administration is open to negotiation as they indicated, they should immediately stop the tariff stick and start negotiations with China.

China has laid the cornerstone to build a capital market that is more capable of serving the real economy via revisions to the Securities Law, with breakthroughs in deepening market-oriented reforms and intensifying a crackdown on illegal market behavior, experts said.