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China as the world's second-largest economy and the largest consumer market has announced and will take substantial moves to further open its economy, which will provide opportunities of development for all other countries, including the US. It will be regrettable if the US companies and workers fail to benefit from China's economic liberalization moves due to Washington's refusal to cast away its adventurism.

China expects economic expansion to be around 6.5 percent this year, unchanged from 2017.

China could set its 2020 GDP growth target at between 5 percent and 5.5 percent, which is highly likely to be achieved based on our estimates.

China has been informed of the Philippine vessel's grounding in the South China Sea, Hua said at the ministry's daily briefing, noting that ships of the China Coast Guard have arrived at the accident's scene while the rescue ship South China Sea Rescue 115 is also in nearby waters.

China has confidence this year's pork production will rebound close to the level in the years before outbreaks of African swine fever, and despite the impact of the novel coronavirus, according to the Ministry of Agriculture and Rural Affairs on Thursday.