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As bonds held by foreign investors still represent only 2.5 percent of China's bond market, that leaves plenty of room for growth in foreign investment in such instruments, according to Woetzel.

As a rising startup in Silicon Valley, the two founders said they had been planning to enter the Chinese market for a number of years, given its size. Although the company did not provide any forecast of growth rate in China, Brown said they are optimistic as the country's large market will take care of itself.

As for improving the efficiency of case hearings, Li Liang, an official from the top court, said Chinese courts have also paid more attention to transparency in handling disputes.

As different countries are developing different digital fiat currency platforms with various characteristics, the security, interoperability, and standardization of digital currency become an important issue, Wen said.

As a developing country, China believes that the reform should accommodate the concerns of the majority of WTO members, uphold the development rights and interests and the special and differential treatment of developing members, and create conditions for narrowing the North-South gap. China stands ready to work with CEE countries to advance economic globalization, uphold multilateralism, and make the global governance system more just and equitable.