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As a beneficiary of economic globalization, China has been the largest exporting country and second largest importing country for nine consecutive years, he said.

As a result of the funding,?Karan Mehandru from Trinity Ventures and Scott Jacobson from Madrona have joined the board.

As far as cultural trade goes, Shandong in recent years has brought many cultural masterpieces, such as doctrinal wisdom of the ancient philosophers, outside of China and helped them take root in the world.

As a key financial center, Shanghai further opened up its financial sector with a series of new regulations. The total turnover of financial markets in 2019 in Shanghai rose 17.5 percent to 1,933 trillion yuan (about 0 trillion), and the e-commerce gross merchandise volume increased by 14.5 percent.

As at February this year, 156 Chinese companies were listed on US bourses and had a total market capitalization of .2 trillion, according to the US-China Economic and Security Review Commission.