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China's soon-to-be launched national emissions trading system will help the country achieve its carbon emission goals earlier than 2030, but it may take some time for the system to become "fully functional".

China's second-largest e-commerce player JD and leading fashion e-commerce platform Meili Inc announced on Thursday the establishment of a new joint venture, as JD hopes to tap more female shoppers to compete with Alibaba Group Holding Ltd's Tmall.

Chinese President Xi Jinping's special envoy Zhang Chunxian on Friday attends the 50th independence anniversary of Equatorial Guinea. [Photo/Xinhua]

China, together with other countries, will push forward the Belt and Road cooperation under the commitment to achieving shared benefits through extensive consultation and joint contribution. As an old Chinese saying goes, "When you eat fruits, forget not the tree they grew on; when you drink water, forget not the source it came from." In the case of China, its development would not have been possible without the outside world, so in return, China will contribute more to global development. At the second Belt and Road Forum for International Cooperation that China will host in 2019, China will work with other interested countries to ensure sustained progress in Belt and Road cooperation, and to translate the principle of extensive consultation, joint contribution and shared benefits into concrete win-win outcomes. China will integrate the Belt and Road cooperation with its reform and opening-up efforts. Our approach is to drive reform and development through opening-up in all respects. China will never shut its doors. If anything, it will only open wider to the outside world. In the coming 15 years, the China market will further grow and expand, with an estimated import of 24 trillion US dollars worth of goods, and inbound and outbound investment of 2 trillion dollars respectively. The first China International Import Expo, scheduled for November in Shanghai, will serve as a new platform for such cooperation.

China’s percentage is lower than the 2.2 percent world average. India and Vietnam, two of China’s neighbors, spent 2.5 percent and 2.4 percent in 2016, respectively, of GDP on the military.