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China is continuing to take big steps to open up its economy, benefiting both China and its trading partners. The phase-one agreement is part of the more general reform and opening-up policy, which has transformed China and provided a very good market for foreign companies.

China is currently playing a pivotal role in achieving the newly set digital migration due date of June 2020, as agreed in the 4th Forum on China-Africa Media Cooperation that was held in China last month, he said.

China has pledged to eradicate extreme poverty domestically by the end of 2020 to honor the centenary of the Communist Party of China in 2021.

China is taking "concrete" measures to fully align with G20 debt relief plans and help the debt-burdened countries, she said.

China hopes to boost the efficiency of SOEs, make them operate in accordance with market principles and assume responsibility for their own profits, losses and risks, according to the guideline, which sets a goal of basically completing the reforms by 2017.