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China adopted a market-oriented economy and established special economic zones along its coastal areas, which has successfully attracted foreign investment to boost the economy in the country's east, he said.

China announced new measures over the weekend to further open its financial sector, with the liberalization extended to several new business areas. Foreign asset managers will be allowed to take controlling stakes in wealth management joint ventures with the subsidiaries of Chinese commercial banks and insurers. Foreign companies are also allowed to own stakes in pension fund managers and currency brokers. The latest policies also involved deregulation in bond underwriting and credit rating businesses.

China and the US need to work jointly for a global economic order that works more effectively for the interests of both and the world, a former undersecretary of state in the Obama administration said at a forum on Tuesday at the Yale Club hosted by Chinese media group YiCai in New York.

China also contributes to the international certification and accreditation. The country was the one to lead the LED certification for the International Electrotechnical Commission Quality Assessment System for Electronic Components, the first time for the world’s second-largest economy, Liu said.

China and Rwanda established diplomatic relations in 1971. Over the past 47 years, our two countries have treated each other as equals with sincerity and friendship. Based on mutual trust and assistance, our friendship has stood the test of the changing international landscape and taken root in our people's hearts. In recent years, thanks to the concerted efforts of both sides, our bilateral ties have achieved fast expansion and demonstrated fresh vitality with fruitful cooperation in all areas. China has become Rwanda's biggest trading partner and project contractor. We are glad to see that the Amahoro National Stadium built by China has hosted many spectacular sports games and become a popular recreation and entertainment venue for the Rwandan people. The Musanze Integrated Polytechnic Regional Colleague has grown into the biggest professional training center in the Northern Province. The project of drilling 200 wells, soon to be delivered, will help ease water shortages for over 110,000 people. The garment factory that a Chinese entrepreneur has set up in response to President Kagame's "Made in Rwanda" development initiative is playing a positive role in growing Rwanda's manufacturing sector. Another Chinese company has made itself a household name in Rwanda as it undertakes 70% of Rwanda's national highway construction.