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China's overseas tourism market is continuing to grow, with 122 million overseas trips made by Chinese tourists last year, according to a new survey.

China's top envoy to Canada made the comments in a webinar hosted last week by the Canada China Business Council, or CCBC, in which he highlighted the business opportunities for foreign investors as China moves from its 13th Five-Year Plan (2016-20) to 14th Five-Year Plan (2021-25).

Chinese Foreign Minister Wang Yi chaired the meeting, which also included Russian Foreign Minister Sergey Lavrov, Brazilian Foreign Minister Aloysio Nunes, South African Minister of International Relations and Cooperation Maite Nkoana-Mashabane and India's Minister of State for External Affairs Vijay Kumar Singh.

China's reform of its resource tax regulations started in July 2016.

China's population is aging, with more than 250 million people aged 60 and above, and the country should actively develop commercial insurance programs in the areas of social services to better tackle the issue, the meeting was told.