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China hosted the two-day Belt and Road Forum for International Cooperation on Sunday and Monday. Infrastructure connectivity is the foundation of international cooperation and development, President Xi Jinping said in an address at the forum on Monday, emphasizing the importance of promoting infrastructure connectivity.

China is sending a clear signal that it is further opening its markets and facilitating free trade by hosting the China International Import Expo from Monday to Nov 10 in Shanghai, Chilean Foreign Minister Roberto Ampuero said on Thursday.

China is developing new bullet trains with a speed up to 400 kph, and is also researching the next generation magnetic-levitation train with a top speed of 600 kph, said Ding Rongjun, an academician of the Chinese Academy of Engineering, adding that automatic and unmanned drive technology will be used in the future.

China is 3M's largest market outside the US, representing over 10 percent of its revenue, Shafer said in an earlier interview. A majority of the products sold in China, from respiratory masks to certain vehicle air purifier systems, are tailored for the local market.

China has signed free trade deals with countries and regions like the Association of Southeast Asian Nations, New Zealand, Chile, and Peru, helping cut prices of high-end fruit and bring them to more households.