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China was able to quickly adopt a series of policy measures to stabilize foreign trade across the country earlier this year, focusing on key links and overcoming deficiencies, said Zhang Bin, deputy director-general of the Department of Foreign Trade at the Ministry of Commerce.

China stands ready to work with other RCEP members to enhance the confidence to conclude the negotiation within this year, Hu said, adding that China expects to further deepen mutually beneficial cooperation with other RCEP members and jointly build a closer community with shared interests through the RCEP.

China will allow foreign investors to freely remit their yuan-denominated profits and dividends and pledged to remove all barriers in cross-border trade and investment, the central bank said on Friday.

China surpassed the Republic of Korea to become the world's second-largest importer of LNG in 2017, according to IHS Markit, a global marketing information company.

China replaced India as Dubai biggest external trade partner in 2014.