With the implementation of the landmark foreign investment law, removal of restrictions on the manufacturing and financial sectors for foreign firms and tariff cuts, China has quickened its opening-up pace.

Electric carmaker giant Tesla witnessed China's speed as its Shanghai gigafactory delivered the first 15 Model 3 cars to customers less than one year after it began operation, which showed that China, with continued efforts in reform and opening-up, still tops the list of investment destinations for foreign firms.

China is committed to opening up at a higher level and honoring its promises to further open up its market, improve its opening-up structure, optimize the business environment, deepen multilateral and bilateral cooperation and advance Belt and Road cooperation.

As its door keeps opening wider and its economy expands steadily, China is bound to make greater contributions to the global economy.

"China will play a bigger role in fuelling global demand and supply," said Shao Yu, chief economist at Orient Securities.

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