Chinese President Xi Jinping has said the world's second biggest economy will be committed to reform, opening-up and win-win progress. Xi made the remarks in April at the Boao Forum for Asia Annual Conference. He also stressed that China will continue to expand imports, facilitate the access to build a more open market. So to what extent is the Chinese market now open, and what are China's contributions to the world economy? Let's take a look.

From 2013 to 2016, the annual average contribution rate of China's ultimate consumption to the world's growth was 23.4 percent. This was higher than the United States rate of 23 percent, the Eurozone countries at just under 8 percent and Japan, at 2.1 percent.

China's annual average growth rate of final consumption is 7.5 percent. This runs far ahead of the US's 2.2 percent and Japan's 0.6 percent; the number for the global consumer market, 2.4 percent.

The World Bank says between the years 2011 and 2016, China's global market share in imports of goods and services soared to 9.7 percent from 8.4 percent. A jump of 1.3 percentage points. During the same period, the share of the US, eurozone countries and Japan dropped 0.4 percentage points.

According to the World Trade Organization, in the first three quarters of 2017, China's contribution rate to global imports growth hit 17%, higher than the US, Germany or Japan. The country's share of global imports increased to 10.2 percent.

Meanwhile, governor of the People's Bank of China Yi Gang addressed China's trade deficit with the United States in terms of services during this year's Boao Forum. Yi said, over the past decade, the deficit rate has increased by 20 percent annually. In 2017 alone, the value of this deficit exceeded 38 billion dollars.