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China is driving a large part of several fundamental shifts in global trade, according to a recent survey by McKinsey Global Institute.

China is the world's second-largest automobile market, trailing only the United States. Despite declining growth in the assembled car market, sales of high-end vehicles have continued to rise as Chinese consumers now expect more from their vehicles, said Zhao Zhiwei, commercial director for China of Eastman's Chemical Performance Film BU, a group firm.

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 also undergoing an industrial restructuring. The tertiary or services sector has become a major pillar and a key driver of economic growth, unlike in the past when manufacturing and agriculture held sway.

China is now the world's second-largest economy and the world's second-largest importer. This is why it is hosting the China International Import Expo for the first time in November. The expo, in which GE will participate in the high-end intelligent equipment exhibition area, aims to give firm support to trade liberalization and economic globalization, and actively open the Chinese market to the outside world. Such efforts position China as a key driver of global growth - a role that China will continue to play well into the future. Reflecting on the prosperity brought by the past 40 years, we look forward to continued efforts by the Chinese government to expand its openness and deepen reforms.