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China will have the most 5G connections of any nation by 2025, while Europe will lag behind South Korea, the United States, Japan, and China in terms of 5G penetration by that year, according to a new study.

China will open up even wider and create better conditions for the two countries to deepen cooperation in economy, trade and between the enterprises of the two sides, he said.

China's Ministry of Commerce on Thursday granted the license to Shell (Zhejiang) Petroleum Trading Co, a wholly-owned subsidiary of Shell China, allowing the company's Zhejiang branch to carry out sales and purchases of oil products for its customers in the Chinese market.

China would like to further increase imports of agricultural products such as soybeans and cotton from the United States and speed up negotiations on terms regarding traceability, inspection and quarantine for US beef to enter China, which will benefit 6 million American farmers, according to the report.

China's Latin American purchases were the most dynamic this year, and centered on basic products that are seeing higher prices compared with previous years, according to economist Paolo Giordano, an IDB expert in trade and integration.