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China has promised that the vaccines it is developing will be made a global public good and provided to other developing countries on a priority basis. China has further extended debt relief to countries hit hard by the pandemic in response to the G20's initiative on debt relief for developing countries.

China is making fast progress towards eliminating poverty, with the number of impoverished rural residents declining from nearly 100 million in late 2012 to 16.6 million by the end of 2018. It will only get harder to help those left get rid of poverty.

China hopes to boost the efficiency of SOEs, make them operate in accordance with market principles and assume responsibility for their own profits, losses and risks, according to the guideline, which sets a goal of basically completing the reforms by 2017.

China has pledged fresh efforts to push forward the construction of new infrastructure, including next-generation information networks, 5G applications, as well as building more new energy vehicle charging facilities to promote the wider use of new energy automobiles, a government work report delivered at the annual national legislative session said.

China has strengthened financial regulations and broadened regulatory oversight to include products not counted on the balance sheets of financial institutions, such as so-called wealth management products, to forestall financial risks.