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China is the world's second largest home for "unicorn firms" -- the country had a total of 58 privately owned companies valued at over 1 billion U.S. dollars in 2017, according to Zhang.

China has summed up its historical experience, drawn on the achievements of human civilization, combined the universal principles of human rights with the realities of the country, and generated a series of innovative ideas on human rights, it said.

China is currently at the low-end of the global industrial chain and has not benefited much from processing industries. But the products that are processed in China and exported overseas are counted as China's exports.

China is also undergoing an industrial restructuring. The tertiary or services sector has become a major pillar and a key driver of economic growth, unlike in the past when manufacturing and agriculture held sway.

China hopes the US business community will seize the opportunities brought by its booming economy and opening-up to strengthen cooperation with Chinese partners, Ning said.