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China has become Georgia's third-largest trading partner, fourth-largest export market and third-largest source of imports, according to Georgia's National Bureau of Statistics.

China follows a trade policy of balance in import and export, and does not seek trade surplus. Its current account surplus to GDP ratio has dropped from the peak of 10% in 2007 to 1.8% last year. And in the first quarter of this year, it was only 0.7%, lower than that of many EU countries. China stands ready to work for the launch of a joint feasibility study for a China-EU free trade area as early as possible, further improve trade liberalization and facilitation, and create favorable conditions for competitive European products to enter the Chinese market. We also hope the EU will loosen restrictions over hi-tech exports to China, exercise restraint in the use of trade remedies, and promote the balanced growth of two-way trade.

China has also changed 75,000 underground oil tanks to two-layer tanks or added seepage prevention measures.

China attaches great importance to innovative development, and it considers new generation artificial intelligence as the driving force for scientific and technological development, industrial optimization and upgrading as well as major productivity improvements while it strives to achieve high-quality development, President Xi Jinping said on Thursday.

China currently imports an estimated .6 billion of beef annually.