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China is the world's largest and most rapidly growing market of digitalization, which has great influence on European companies and their business, said Ragnar Kruse, CEO and co-founder of Smaato, a leading global mobile advertising platform and also a partner of the digital summit.

China is the net importer in China-US agricultural trade due to differences in resources between the two countries and China's increasing demand, he said.

China is accelerating local government bond issuance, which is expected to hit a record high of the year in June, in an effort to stabilize economic growth and market expectations.

China is the second-largest client of the Panama Canal after the United States. A number of Chinese companies, including Huawei, also have established their branches in Panama, known as the "hub of the Americas".

China is cautious and restrained in taking trade remedy measures, the minister said. This is the only trade remedy investigation initiated by the country since China and Australia established diplomatic relations. Australia, in the meantime, has initiated 100 trade remedy investigations against China. The country also launched three investigations on Chinese goods earlier this year.