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China always welcomes foreign investors, including US companies, to invest and operate in the country and share development opportunities, ministry spokesman Gao said.

China allowed foreign capital to take majority control of futures companies, fund management companies and securities firms in 2018.

China and Vietnam hold a joint press conference on the cross-border drug trafficking case, Aug 23, 2018. [photo/Chinanews.com]

China also is becoming the prime destination for Argentine beef, he said, adding that the country is starting to export other products to China. "This is something important for us because it provides work for our people and shows the bilateral relations with China," he said.

China Re is the only state-owned reinsurance company in China. It is estimated that the company provides reinsurance worth 60 billion yuan (.7 billion) for the Belt and Road Initiative annually.