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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.

As demonstrated at the general debate, he said, there are two trends emerging in the world: safeguarding multilateralism and international law versus rising unilateralism and protectionism.

As a result of this surplus under the current account, China has also become the dominant holder of US Treasury bonds. In recent years, direct investment by Chinese companies into the US has also grown rapidly, accumulating more than 0 billion in total and creating jobs for more than 200,000 Americans.

As early as during the Asian financial crisis in late 1990s, China had already started to realize the importance of domestic demand. Back then, the crisis dampened China's export sector and the country had to struggle to stimulate domestic demand to expand its economy.

As a leading agriculture organization, the association has been a key player in China's contemporary science and technology development in agriculture, Xi said. He hailed the group as an important force in promoting the country's agricultural development after the founding of the People's Republic of China in 1949－especially since the reform and opening-up drive initiated about 40 years ago.