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As the magazine highlighted, China's own vast market with a 1.4 billion population is the second advantage of a manufacturing giant, and also a big attraction for foreign firms looking forward to reaching Chinese customers.

As the largest developed country, the US is also facing serious challenges on infrastructure, education and healthcare, areas that call for more priority in government spending than the mighty US military.

As the digital economy has significantly improved businesses across industries, Chinese companies are considering multiple options to brighten their brand image and increase their visibility.

As we work to promote global growth and prosperity, we should also strive to narrow the North-South gap. China supports necessary reforms of the WTO, and has set up a joint working group with the EU to keep communication on WTO reform. China suggests that we continue the process under the ASEM Economic Ministers’ Meeting, step up cooperation in customs and other areas, and formulate concrete measures to facilitate trade in Asia and Europe. These actions will underline our support to economic globalization and free trade.

As the first Chinese head of state to have attended the Davos meetings, Xi called at the World Economic Forum in Davos last year for joint efforts to chart the course of economic globalization and forge new models of global growth, cooperation, governance and development.