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China launched a pilot program in March for pooled procurement of pharmaceuticals in 11 cities to make key medicines more affordable and reduce financial burdens on patients.

China issued a white paper entitled "China's Policies on Asia-Pacific Security Cooperation" for the first time this year, outlining China's concept of common, comprehensive, cooperative and sustainable security, which was in distinct contrast to the out-of-date security concepts of the Western world such as the Cold War mentality, zero-sum game and military force worship.

China now has the world's largest middle-income population and is set to end absolute poverty, which has haunted the nation for thousands of years.

China will boost the development of the digital economy as part of efforts to stabilize employment, according to a guideline issued by the nation's top economic regulator.

China should "create a stable, fair, transparent and predictable business environment, and speed up efforts to build an open economy in a bid to promote the sustainable and healthy development of the Chinese economy," Chinese President Xi Jinping said at a meeting of the Central Leading Group on Finance and Economic Affairs on Monday.