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China has heavily regulated investment and financing activities by local governments and State-owned enterprises since 2017. In April, new guidelines unified rules covering asset management products issued by all types of financial institutions to curb risks and reduce leverage.

China has 162,000 procurators working at primary-level procuratorial organs, accounting for 74.5 percent of the total. Their annual handling of cases accounts for over 90 percent of those handled by procuratorial organs across the country, according to the conference.

China has made major strides in manufacturing in the past decades. It now boasts 41 industrial divisions, 207 groups and 666 classes of products and services. But it still faces challenges in a string of sectors including semiconductors, crucial components for industrial robots, and some key industrial materials.

China became an aged society in 1999 when people age 60 and older crossed the international threshold of 10 percent of its population. The population that falls in the age group has ballooned over the decades that followed, reaching 253 million by end of 2019, or 18.1 percent of the total population, according to the National Bureau of Statistics.

China expects smart cars with partial or fully autonomous functions to account for 50 percent of new vehicles sold in the country by 2020, the National Development and Reform Commission, China's top economic planner, said on Friday.