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China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

China's PPI dropped 0.8 percent year-on-year in August last year, but has returned to positive territory. In the first quarter of this year, China's GDP growth was 6.9 percent, beating market expectations and laying a solid foundation for China to meet its pre-set annual growth target of around 6.5 percent for this year.

China's average per capita disposable income is expected to grow further thanks to the country's steady economic growth and the reform on individual income tax, which has cut 855 yuan per capita in tax on average for Chinese people in Q1.

China will increase trade in agricultural products with Belt and Road nations and promote industrial cooperation in the sector so exchanges and cooperation benefit all countries, Qian added.

China will work with Japan and South Korea to jointly promote the signing of the Regional Comprehensive Economic Partnership agreement as scheduled, and speed negotiations for the China-Japan-South Korea free trade agreement, Li added.