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"China's determination to expand opening-up and the ongoing reform measures have made its financial market increasingly appealing to overseas investors," the administration said on Monday in a statement on its website.

"Chinese firms have made meaningful gains over the past decade after Beijing's directive to prioritize green sectors," Liu said. "These firms can therefore draw on their experience and replicate their successes in Africa to make a significant impact."

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, ruling out that China forces foreign companies to transfer their technology when considering investments in China.

"China ranks as Houston's second-largest trading partner with an estimated value of over billion in 2018. Chinese investment in Texas, and in Houston in particular, has grown significantly over the last several years as evidenced through major Chinese investments from Sinochem, COSCO, CNPC, ICBC, Memstar, America Modern Green, Tianqing Real Estate Group, Satellite Petrochemical, and more," Shen said.

"Consumers continue to place importance on celebrating our traditional holidays, even if by untraditional standards," federation CEO Matthew Shay said in a statement.