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China has been for years working to further exchange views on bilateral ties and the economic and trade cooperation with the US, said Wei, also a vice-minister of commerce. "China and the United States will benefit from mutual cooperation but both will be harmed by confrontation," Wei said. "Further cooperation will benefit not only the two countries, but development of the world."

China has boosted agricultural imports from Uzbekistan in recent years with measures to open its market to a number of products including cherries, peppers and honey. The volume of fruit and vegetable imports rose by 118.6 percent year-on-year in the first half, reaching .1 million, said the Ministry of Commerce.

China has multiple initiatives backing the construction of smart cities, not least of them President Xi Jinping's signature Belt and Road Initiative — the drive to improve connectivity along the historical Silk Road trading routes. At its core is the drive to invest in renewable energy.

China became the EBRD's 67th shareholder when it joined the bank in January 2016. By the end of last year, China has become the 11th largest country in co-financing with the EBRD. The Industrial and Commercial Bank of China has become the third largest institution to extend syndicated loans with the EBRD.

China has made much headway in its supply-side structural reform, he added. Economic restructuring has been boosted by the increasing role of sectors like services, online sales, the sharing economy and advanced manufacturing, which are new driving forces for growth, Ning said.