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China has been advancing SOE reforms, including mixed-ownership reform and corporate reform, to inject vitality to a large number of previously underperforming enterprises.

On his part, Szijjarto said Hungary-China bilateral relations are at their best in history.

She said as a joint agency of the United Nations and the World Trade Organization, ITC is dedicated to supporting SMEs around the world. It supported 100 companies from developing countries to attend the first China International Import Expo (CIIE) in Shanghai last year. These companies initiated deals worth over 116 million U.S. dollars after the event.

China's regulatory interference in the last 12 months is really going to catalyze the move to create it into a consumer economy, which is actually happening, said Barry Gill, managing director and head of active equities with UBS Asset Management in a recent media roundtable meeting.

The State Council recently issued a new guideline to implement the country's Healthy China initiative.