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China follows a trade policy of balance in import and export, and does not seek trade surplus. Its current account surplus to GDP ratio has dropped from the peak of 10% in 2007 to 1.8% last year. And in the first quarter of this year, it was only 0.7%, lower than that of many EU countries. China stands ready to work for the launch of a joint feasibility study for a China-EU free trade area as early as possible, further improve trade liberalization and facilitation, and create favorable conditions for competitive European products to enter the Chinese market. We also hope the EU will loosen restrictions over hi-tech exports to China, exercise restraint in the use of trade remedies, and promote the balanced growth of two-way trade.

China has always respected multilateral trade rules and opposes the abuse of trade remedies. The country has not only defended its legitimate rights and interests, but also safeguarded the authority of the multilateral trading system and the seriousness of WTO rules, said Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges.

China has huge growth potential for OLED TVs, the LG Display official added.

China has become and will continue to be a major driving force of inclusive global growth, with the Belt and Road Initiative to be a new platform of globalization with mutual benefits, said experts from home and abroad.

China has been actively restructuring SOEs in a bid to improve efficiency, with the number of central SOEs falling to 97 by the end of 2017, down sharply from 196 in 2003.