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China is expected to overtake the US in terms of total number of vehicles by the end of this year, said Cai Ronghua, a senior official at the National Development and Reform Commission, during a media briefing in April.
China has taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors.
China has repeatedly voiced its commitment to further opening up and support for economic globalization to facilitate both domestic and global development.
China is also eyeing an annual average expansion of around 7 percent in the added value of the industry, with the increase of the grain processing rate to 88 percent. By 2020, the number of grain companies with yearly business revenue of more than 10 billion yuan (.5 billion) should exceed 50, the guideline said.
China is an important trading partner for Britain, especially when it's leaving the European Union, and May's visit is to reinforce the" golden era" for bilateral relations, said Chen Fengying, a senior world economy researcher at the China Institutes of Contemporary International Relations.
