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Chinese Vice-Minister of Commerce Wang Shouwen said, "The reform and opening-up policy has been behind China's robust growth over the past four decades, which helped the country to emerge as the world's second-largest economy and the largest contributor to world growth."

Chinese peacekeepers to Lebanon parade at a medal-awarding ceremony at a camp in southern Lebanon, on April 6, 2018. [Photo/Xinhua]

Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build it into a globally influential high-level free trade port by the middle of the century.

Chinese investments in the logistics and hotel sectors of economies involved in the Belt and Road (or B&R) Initiative will likely double in the coming five years, said an industry expert from Cushman & Wakefield Co Ltd.

Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday that it paid a total of 36.6 billion yuan (.7 billion) in taxes in 2017, marking a sizeable increase from the 23.8 billion yuan paid in 2016.That means Alibaba remains one of the largest taxpayers among Chinese internet companies, with paid tax exceeding 100 million yuan per day.In addition, with merchants operating on Alibaba's platforms, its upstream manufacturers and logistics companies paid more than an estimated 290 billion yuan in taxes last year.The company also said it has created more than 33 million jobs in China, with thousands of new types of jobs being created, including robot breeder and e-commerce anchor.