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China began importing solid waste as a source of raw materials in the 1980s and for years has been the world's largest importer, despite its weak capacity in garbage disposal. Some companies have profited by illegally bringing foreign waste into the country, posing a threat to the environment and public health.

China anticipates that Britain, a global comprehensive strategic partner for the 21st century, will play a pivotal role as a "natural partner" in advancing the China-proposed Belt and Road Initiative, said Liu Xiaoming, China's ambassador to the UK.

China has made visible progress in developing a national social credit system. A unified social credit code, which identifies businesses and their specifics, has been introduced nationwide.

China has been encouraging mergers and reorganizations among the State sector and plans to reduce the number of central SOEs to under 100 as part of the ongoing reforms to improve efficiency of the companies.

China bears have been under pressure this year as better-than-forecast data and an appreciating currency showed the economy is weathering the authorities' deleveraging campaign.