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China remains a critical region for venture capitalists, according to Forbes. Last year, funding to Chinese firms rose 19 percent to billion, hitting an all-time high, as industries including artificial intelligence (AI), robotics, and internet of things continue to attract investments.

China will adopt an even more open approach when working with all nations to enhance development and security through cooperation and to build a community with a shared future for mankind, Xi said, adding the Chinese military will always remain a staunch force for world peace and stability.

China will continue to create a good legal environment and further refine the business environment for private businesses, and it will unwaveringly develop the public sector and encourage, support, guide and protect the growth of the private sector, he said.

China previously set targets to be carbon-neutral by 2060, which analysts expect to lead to even more renewable energy projects, and thus more copper.

China must step up major moves in deepening reform and opening-up for the country's economic and social development during the period of the 14th Five-Year Plan (2021-25), a key Party meeting decided on Monday.