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China is one of the fastest growing markets in wine consumption and ranks fifth in the world after the United States, France, Italy and Germany, according to media reports citing data from the International Organization of Vine and Wine. China's wine market has huge potential to grow as the country's per capita wine consumption was only around 0.6 liters in 2019, compared with 10.1 liters in the US.

China is in the middle of capacity cuts in coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.

China is committed to safeguarding its sovereignty and territorial integrity and achieving national reunification, and "such determination is as solid as a rock", she said. 

China has recently taken a set of measure to stabilize the housing market and curb speculation.

China is also willing to work with other countries to safeguard free trade and push for "positive and practical" results at the G20 Leaders' Summit in Buenos Aires, Gao Feng, the ministry spokesman, said at a news briefing.