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China has been working on improving the market-based RMB exchange rate regime since 2005 and the Chinese yuan has significantly appreciated, according to a research report on Sino-US economic and trade relations released by the MOC.

China had 249 million people aged 60 or older at the end of last year, according to the National Bureau of Statistics.

China has been making consistent efforts to boost patient safety across its medical sector in recent years. In 2006, the Chinese Hospital Association published a checklist to help medical staff avoid common errors related to patient safety. The checklist has since been updated every two to three years.

China banned US beef imports in 2003 amid concerns over mad cow disease. After the lifting of the ban, ranchers in Montana like Wacker are eager to tap the huge potential of Chinese markets, which have around 300 million middle class consumers.

China has eight such fully mechanized bases, which have been supplying 60 percent of the nation's soybean seeds, it said.