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China is gearing up for more moves to bolster reform and opening-up after President Xi Jinping pledged at the opening of the Second Belt and Road Forum for International Cooperation last month to ease market access for foreign capital, increase imports of goods and services on a larger scale, and boost the protection of intellectual property rights.

China has quickly become the world's largest electric-car market with sales of pure electric vehicles, hybrid SUVs and sedans reaching 1.3 million in 2018 (half of the world's sales), according to The Associated Press.

China is the world's largest market for mini excavators (the under 10-metric-ton class). Last year, some 40,766 units were sold in China, an increase of 31.1 percent year-on-year.

China is facing a challenge in caring for the aging population. Chronic diseases are expected to rise in the next five years, said experts. They expect a sharp increase in consumer spending on long-term healthcare. For its part, the government will likely bear a heavier burden of paying more social security fees.

China is confident of achieving its annual industrial growth target of 5.5 to 6 percent year-on-year in 2019, as the nation works hard to boost the high-quality development of manufacturing, despite trade friction with the United States, the nation's top industry regulator said on Tuesday.