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China has called for resolving the bilateral economic and trade disputes through dialogues and negotiations, but it has also vowed to take countermeasures to defend its legitimate rights and interests.

China has been actively restructuring SOEs in a bid to improve efficiency, with the number of central SOEs falling to 97 by the end of 2017, down sharply from 196 in 2003.

China had seperate pension schemes for rural residents and unemployed urbanites until 2014 when the two schemes were unified as part of efforts to bridge the rural-urban wealth gap.

China has been making a series of moves in opening up the bank card clearing market to international companies, including Visa, Mastercard, American Express and JCB, meaning that China's payment market will see increasing competition in the near future.

China has advanced from being a large and highly populated but underdeveloped country, into a major economy that attracts national and international industries. Therefore, China plays a significant role in the global industry.