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China is the only economy from the mid-income group to be ranked in the top 20 most innovative economies. [Photo/VCG]

China is set to return as a major cotton importer, taking 10 million to 15 million bales (2 million to 3 million tons) a year by 2019/20, compared with 5 million bales this year, according to Tim Bourgois, head of the cotton platform at Louis Dreyfus Company.

China has set a goal of building itself into a global powerhouse in international trade by 2035 through further reform and fine-tuning of trade structure, including upgrading the quality of goods and services consumed in the local market and improving the quality of two-way investment, the country's commerce minister said on Monday.

China is No 1 in the world in terms of rail transit coverage, with the length of the nation's subway lines reaching more than 5,800 km, said Liu Xiaoming, vice-minister of transport. By 2025, China will open city rail transit lines totaling 12,000 km.

China is expected to provide new impetus for the development of internet technologies across the world, according to industry experts and entrepreneurs who participated in the 4th World Internet Conference in Wuzhen, Zhejiang province.