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China is making the single biggest contribution to retiring coal with a phenomenal reduction of coal in the energy mix. This is a result of very deliberate government policies, he said.

China has today the largest amount of foreign currency reserves, which it can and is willing to invest in other countries, which also makes China a very important economic global player, according to Eran.

China is ROK's largest trading partner, with two-way trade volume in the first nine months of last year reaching 0.15 billion, according to the Ministry of Commerce.

China is a good neighbor, a close friend and a strategic partner of Kazakhstan, said Sagintayev. The Silk Road Economic Belt, which Xi proposed five years ago in Kazakhstan, plays a vital role in strengthening regional connectivity, coping with global challenges, safeguarding world peace and stability, and promoting co-development and prosperity, he said.

China is currently BASF's third-largest market in the world, after Germany and the United States, he said.