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China is capable of fulfilling its modernization bids by 2049 with sustained efforts to implement reforms and opening up, an expert said.

China has set 2020 the year to build a moderately prosperous society. To achieve the goal, China, the world's most populous country, needs to lift around 30 million poor residents out of poverty in the next three years, most of whom are in rural areas. Micro and small loans have become an important channel for these people to get financial support to find a way out of poverty.

China is fully confident in fending off systemic debt risks and expects no major changes in the government's debt ratio in the coming years, Finance Minister Xiao Jie said on Wednesday.

China is currently the world's largest importer and consumer of LPG, an important type of clean energy and raw chemical materials, according to the statement.

China has strictly followed the WTO's rules on investment, said Qi Tong, professor with Wuhan University's Institute of International Law. China had revised its major laws on foreign investment prior to its WTO entry and has continuously relaxed market access to fulfill its commitments on opening-up in service trade, he said.