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Data from car rental company AVIS showed that nearly all of its vehicles in major cities have been booked, while around 60 percent of its passenger cars in mid-size cities have been reserved.

Cross-border capital flow is controlled in China, as its capital account is only partially convertible, which has acted as a technical barrier for the yuan to become a global reserve currency.

Given the fact the green growth has become a consensus within the international community, Li said China was making efforts to reform its ways of industrial production and consumption in an aim to achieve its objectives both economically and environmentally.

Fu started his career in oil industry in 1982, joining China National Offshore Oil Corporation (CNOOC). He became Sinopec's chairman in 2011. Under his leadership, Sinopec's overseas operation has expanded swiftly to more than 20 countries and regions including Southeast Asia, Africa and South America.

Zheng said last year's trade performance came despite a deepening debt crisis in the eurozone, slowing global economic recovery, continuously sluggish demand and downward pressure for the domestic economy.