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China is pushing its industries to move toward the medium-high end of the global value chain. In the first ten months of this year, private fixed-asset investment into the manufacturing sector rose 4.1 percent year on year.

China is home to 36 percent of the world's unicorn companies amid its transformation from a follower into a potential leader in technological innovation. Data shows Alibaba's Ant Financial and Didi Chuxing are among the top unicorn companies.

China has steadily increased its ability to extract shale gas in recent years and aims to substantially improve its shale gas yield in the next decade and beyond.

China is the United States' largest export market outside North America, and is also one of the fastest growing major export markets of the United States.

China is a country under the rule of law and Hong Kong is a society governed by the rule of law where the rights and interests enjoyed by Hong Kong residents are fully protected in accordance with the law, Wang said. However, any illegal or criminal activity will inevitably be punished by the law, he added.