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China is still a developing country. Despite our large economy, the per capita GDP is ranked below 70th place in the world. China’s development remains unbalanced and inadequate with significant disparities between different regions and between urban and rural areas. In many places, transportation, energy, utilities and other types of infrastructure remain underdeveloped. In rural areas, over 30 million people still live in poverty with an average annual income of less than 3,000 RMB yuan. But every coin has two sides. The upside of the disparities is that they also represent big space for development. With a huge market of more than 1.3 billion people, China has vast potential, great resilience and broad space for maneuver in coping with changes in the global environment. Its economy is fully capable of sustaining sound growth.
China is a strong nation, and it's to the ASEAN's benefit to find a win-win solution, he said, adding that down the road there will be a solution, a solution that is in the "ASEAN way."
China is the biggest market for industrial robots in the world, accounting for about one third of the global demand.
China has ranked second in the world for eight years in terms of the number of science and technology theses published in international publications.
China is one of ASEAN's most important sources of foreign direct investment. In 2018, FDI flows from China to ASEAN reached .2 billion, or 6.6 percent of ASEAN's total FDI, according to Xinhua News Agency, citing a statement by economic ministers from ASEAN and China.