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China's participation will boost the universality of the treaty, promote normal military trade between China and other countries, and better regulate the international order of military trade.

Chinese President Xi Jinping and his Russian counterpart President Vladimir Putin had in-depth exchange of views during their latest meeting at the Fourth Eastern Economic Forum in Russia's Far Eastern port city of Vladivostok, which has cemented strategic mutual trust in bilateral relations, said Wang, noting that the move also helped facilitate mutual cooperation in international affairs.

China, which is set to remain the world's top oil buyer for the years to come, is forecast to slip to the 10th largest global oil producer in 2020, down from No 5 for most of the last decade, said consultancy Wood Mackenzie.

China's production-led economic recovery is poised to gain further traction with key indicators for May confirming that the nation is emerging strongly from the COVID-19-related slump, officials and experts said on Tuesday.

China's stock market in 2017 was much steadier compared with a year earlier. Only three trading days registered changes beyond 2 percent last year, and the fluctuation ratio of the benchmark Shanghai Composite Index recorded a historic low of 13.98 percent, according to the China Securities Regulatory Commission.