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Amid allegations that China only exports but does not import, China International Import Expo held in Shanghai this year is "a fitting reply," Ahmed said. "It ... witnessed a clear Chinese invitation to the others to export to their country. It has been a marvelous economic diplomacy on the part of China."

Among the quota, 558 billion yuan is for local governments' general bonds, and 1.29 trillion yuan is for special bonds - a type of debt instrument to raise funds for infrastructure construction projects, according to the Ministry of Finance.

Among the 900-plus Chinese companies that will be at the CES, the majority of them are based in southern China - Shenzhen, Dongguan and Guangzhou - the dynamic and thriving forefront of China's opening-up and reform that started 40 years ago.

Amid the drive to optimize the industrial sector, the ministry also continued to reduce steel capacity in the first quarter, aiming to meet the annual target, as well as slash overcapacity in the cement and plate glass sectors, MIIT spokesman Huang Libin told reporters.

Among the vice chairpersons, 11 are CPC members. Four are from ethnic minority groups and two are women.