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As excess capacity has weighed on China's overall economic performance, cutting overcapacity has been high on the reform agenda. In 2016, China completed both its annual targets for coal and steel capacity reduction ahead of schedule.

As a rising developing country, China will continue to make contributions to globalization and free trade. Meantime, the nation should also build a more balanced trade structure by relying less on exports to the US and increasing exports to member countries of the Association of Southeast Asian Nations, as well as countries and regions involved in the Belt and Road Initiative.

As a part of his company’s earnings webcast today, Netflix CEO Reed Hastings said that he thinks that Netflix and Amazon Prime complement one another in the internet video arena.

As a report issued by the agency in 2017 shows, in 2015, Lithuania's imports exceeded exports more than seven times, with imports increasing by almost 9 percent to 725 million euro (6 million) and exports growing by 0.2 percent to 102 million euro. In 2016, the volume of imports declined by 2 percent to 708 million euro, and total exports grew by 20 percent to 123 million euro, sending the imports to an amount six times that of the exports.

As a key contributor to global economic growth and as the world's most populous nation, China has become an indispensable partner in seeking common solutions to challenges, such as poverty and climate change, he said.