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China has important projects in Costa Rica such as the building of the national stadium, the national police academy, and Route 32 that connects the capital San Jose to the main port of Puerto Limon, Solis said.

China has facilitated market reforms so global investors will enjoy greater access to the country's equity market.

China decided to allow establishment of such units in 2018 in the new energy vehicle sector and plans to allow the same in commercial vehicles and passenger cars by 2020 and 2022.

China has been the powerhouse for global growth and a main contributor to an open world economy in recent years. Since becoming a WTO member in 2001, China has cut average tariffs from 15.3 per cent to 9.8 per cent, removed over 50 access restrictions on the manufacturing sector and opened about 120 sectors of the service industry to different degrees. It is now the largest trading partner of 124 countries and one of the top three markets for goods from 54 WTO members.

China continued to be the main driver of global growth last year, contributing to about 30 percent of global growth, according to the report. The country's GDP grew 6.1 percent to 99.1 trillion yuan (.2 trillion) last year with GDP per capita exceeding ,000 for the first time in history.