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China is an increasingly important market for SWIFT due to the large number of transactions on the China-related corridors, said Haddad.

China is the world's third-largest importer of LNG and is on pace to surpass the Republic of Korea and Japan as the largest market in the world.

China implemented a number of medical reforms last year, including the introduction of a zero-tariff policy on imported anti-cancer medicines in April, and a 1 percentage point reduction in the VAT rate for the pharmaceutical sector in May.

China has the world's largest mobile internet community with about 753 million mobile internet users at the end of 2017, official data showed.

China has scaled up measures to help college graduates find jobs and start new businesses with measures to relax residency restrictions and facilitate the establishment of startups, according to a notice released on Friday.