The country has already reached 15 free trade agreements with 23 countries and regions. It has also launched feasibility studies on FTAs with Canada and is willing to conduct another one with Mexico to boost trade with North American countries.
The country has been stepping up efforts in recent years to offer foreign investors wider access into the domestic financial market. The Shanghai-Hong Kong bond connect program was approved in May this year, which allows investors from both sides to trade bonds on each other's interbank markets.
The country will adhere to the one-China policy and allow no changes on this matter of principle, he said.
The country has a population of around 11 million. In Europe, there is a long list of countries with similar populations that have achieved higher levels of development.
The conference this year will focus on jointly building the Belt and Road Initiative and the international cooperation of SMEs worldwide, with forums and roundtables on related topics, and exhibitions and designed negotiation areas.
The country will be able to develop robots with autonomous programming, human-machine collaboration and dual-arm collaborative robots by 2020.
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The country should stick with reform and opening-up measures to break bottlenecks in economic development, including advancing supply-side structural reforms in the financial sector and further opening up the sector to foreign investors, it said in a statement.
The country has attached great importance to 5G in its 13th Five-Year Plan (2016-20), with the aim of commercializing it by 2020.
The core consumer inflation, which excludes volatile food and energy prices, increased 2.2 percent year on year in August, up slightly from July's 2.1 percent. The core CPI has been holding steady at a little above 2 percent since March.
The country reported a 1.6 percent year-on-year contraction in GDP for the first half of the year on Thursday, recovering from the 6.8 percent plunge for the first quarter, while analysts expect China's economic growth to come in at about 2 to 3 percent for the whole year.