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China, along with Algeria, Argentina, Canada, Chile, Colombia, India, Indonesia, Kuwait, Russia, Ukraine and Venezuela are the 12 countries on the priority list, which USTR says

Chinese State Councilor and Foreign Minister Wang Yi delivers a speech entitled "Solidarity, Cooperation, Openness and Inclusiveness, Jointly Safeguarding the Progressive Trend of Peace and Development of Mankind" at the French Institute of International Relations in Paris on Aug 30, 2020. [Photo/Xinhua]

Chinese GDP in 2017 should have accounted for 15.3 percent of global GDP, based on World Bank estimates the world's economy should have grown by 3 percent. In addition, the Chinese economy's contribution to the world's economic growth would be 34 percent. Between 2013 and 2016, Chinese consumption contributed 23.4 percent to global consumption growth, while the US' contribution rate, the Eurozone's contribution rate and the Japanese contribution rate came in at 23 percent, 7.9 percent and 2.1 percent respectively.

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi meet at the 2nd India-China Informal Summit in Chennai, India, on Oct 12, 2019. [Photo/Xinhua]

China's securities market saw 5,765 M&A from 2017 to September 2018, with transactions reaching 3.67 trillion yuan, according to the CSRC.